Bitwise's Ryan Rasmussen has expressed his view that investors are underestimating Circle, the company behind the USDC stablecoin, as the stablecoin market is expected to expand significantly. According to Rasmussen, stablecoins are headed toward trillions, and Circle is building out its payments infrastructure.
This is based on reporting from CoinDesk. Rasmussen's comments suggest that Circle's potential is not being fully recognized by investors, given the company's role in the growing stablecoin market.