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Circle Identified as Payment Disruptor by ARK's Cathie Wood Amid Stablecoin Market Growth

ARK Invest founder Cathie Wood identified Circle as a potential major beneficiary of technological disruption within the traditional financial system in a post on social media platform X on August 23. Wood stated that Circle's stock has appreciated 84% since its initial public offering, yet drew a s
CRCL-7.74%
V0.04%
MA-0.11%
USDC0.02%
EthanBrooks·08-24 09:44
Circle Identified as Payment Disruptor by ARK's Cathie Wood Amid Stablecoin Market Growth

Circle Gains 84% Since IPO Yet Remains Undervalued, ARK Invest's Wood Says; USDC Processes $849B in July Capturing 62% of Stablecoin Market

ARK Invest founder Cathie Wood commented on August 23 that Circle (CRCL) remains underpriced by public equity markets despite appreciating 84% since its initial public offering. In a post on X, Wood contrasted Circle's gains with traditional payment giants Visa and Mastercard, which have risen
CRCL-7.74%
USDC0.02%
V0.04%
MA-0.11%
GateNews·08-24 09:42
Circle Gains 84% Since IPO Yet Remains Undervalued, ARK Invest's Wood Says; USDC Processes $849B in July Capturing 62% of Stablecoin Market