On Wednesday, Circle's stock price climbed out of the pit.
The recent plunge was shocking — the proposed U.S. legislation aims to ban stablecoin yields, and platforms like Coinbase may directly delist USDC-related services, causing the market to panic and plummet nearly 30%.
Some people panic sold, while others were buying like crazy.
Ark Invest directly invested $16.5 million, buying 161,000 shares of Circle stock. Do you think they are gambling? No, they are betting on a common sense: the regulatory moat of USDC is much wider than that of USDT.
Analysts from Clear Street and Bernstein also came out to say: Don't panic, this bill isn't that scary. The compliance advantage of USDC is still there; it may be a short-term negative, but in the long term, it's actually an opportunity for reshuffling.
My opinion is simple: during times of panic, it is often when smart money enters the market.
What you see is bad news, but they see that USDC can survive in the regulatory cracks and is doing so more stably than anyone else.
The stock price has now recovered to 102.5, with the decline narrowing to 22%. Those who bought the dip are already starting to smile.
What about you? Are you cutting losses with the panic, or are you picking up chips amidst the chaos?