Circle (CRCL) is the most important player in the stablecoin ecosystem, according to investment bank William Blair, which initiated coverage on the company with an “Outperform” rating and a long-term bullish thesis.
The firm sees Circle as a central force in the transition from fiat to blockchain-based payments, particularly in cross-border B2B transactions, a market worth as much as $24 trillion, according to the report.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-foreground data-[hover=true]:opacity-hover w-full md:w-auto bg-new-yellow”>
Trending: HILARIOUS! They Just Made Another One!
Sign me up
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!