Bitwise analyst says Circle is undervalued amid stablecoin market growth

Bitwise analyst Ryan Rasmussen argues that investors are currently mispricing Circle, the stablecoin issuer behind USDC. Rasmussen believes the market is underestimating Circle's potential as the broader stablecoin sector moves toward multi-trillion dollar valuations. He points to Circle's expanding payments infrastructure as a key factor driving its long-term value. The comments suggest growing institutional interest in stablecoin-related companies as the sector matures.