# Сопутствующие статьи по теме Stablecoin

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Stablecoin", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

**Title: Is CRCL Expensive Now? A DCF Valuation Analysis of Circle's Stock** **Summary:** This analysis uses a discounted cash flow (DCF) model to estimate the fair value of Circle (CRCL) stock, focusing on its USDC stablecoin business. Key assumptions include: USDC circulation of $70 billion by end-2025, growing at an average annual rate of 15% from 2026 to 2035; a 2.5% average benchmark interest rate; 38% gross margin; fixed operating costs of $500 million in 2025, increasing 10% annually; 24% effective tax rate; 10% discount rate; and a terminal PE multiple of 20. The fully diluted share count is 275 million. The model calculates EBITDA as interest income (USDC circulation × interest rate × margin) minus fixed costs. Free cash flow (FCF) is derived after taxes. The present value of explicit FCF (2026–2035) is $2.282 billion, and the terminal value (2035 FCF × 20) discounted to 2026 is $7.138 billion. The total enterprise value (EV) is $9.42 billion, implying a fair stock price of $34.25 per share as of January 2026. Sensitivity analysis shows that if USDC growth averages 20% annually, the fair value rises to ~$62 per share, suggesting potential margin of safety at current prices (around $62 in early February 2026). However, short-term volatility, forced sellers, and leverage risks are highlighted. The model is conservative, excluding other revenue streams (e.g., Circle’s emerging products like Arc chain) and emphasizing USDC’s growth and competitive sustainability as key variables. Historical USDC growth (2020–2025 CAGR ~76%) is noted but not assumed to continue. The conclusion underscores the need for evidence-based conviction to withstand market noise. *Note: This is a thought experiment, not investment advice.*

marsbit02/03 06:06

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

marsbit02/03 06:06

Bankless Founder: By 2026, Tokens Will Finally Be Treated as 'Equity'

Bankless co-founder David Hoffman argues that most tokens are treated poorly compared to equity, leading to low market valuations. However, 2026 marks a shift with innovative token distribution models. MegaETH locks 53% of its MEGA tokens in a KPI-based program, where tokens unlock only if specific growth targets—like TVL, decentralization progress, and performance metrics—are met. This aligns dilution with actual ecosystem growth and distributes new tokens to long-term stakers, reducing sell pressure. Meanwhile, Cap protocol replaces traditional airdrops with a "stabledrop," distributing stablecoins (cUSD) instead of governance tokens to users. Those seeking CAP tokens must participate in a public sale, ensuring holders are committed investors. These models move away from indiscriminate token distribution toward targeted, conditional mechanisms that reward genuine participation and long-term alignment, potentially improving token value and holder quality.

marsbit02/03 05:01

Bankless Founder: By 2026, Tokens Will Finally Be Treated as 'Equity'

marsbit02/03 05:01

Crypto Morning Brief: Binance SAFU Fund Purchases $100 Million in Bitcoin, SpaceX Confirms Merger with xAI

Binance has transferred 1,315 BTC (worth $100 million) from its hot wallet to its SAFU Fund. SpaceX is reportedly set to merge with xAI, with the combined entity valued at $1.25 trillion, according to an internal memo. In U.S. politics, Senator Elizabeth Warren called for a congressional hearing into a $187 million deal between the Trump family’s crypto venture WLFI and an Abu Dhabi-backed entity, labeling it "obvious corruption." Former President Trump claimed he was unaware of the deal, stating his sons handled it. Hong Kong’s monetary authority received 36 applications for stablecoin licenses and aims to issue the first batch by March. Despite earlier speculation, JD.com has not withdrawn its application. Other developments include the revelation from newly unsealed Epstein documents that the financier invested in Bitcoin infrastructure firm Blockstream and had ties to figures like MicroStrategy CEO Michael Saylor. Additionally, Cboe plans to relaunch binary options, Hyperliquid is testing a new outcome-trading feature, and Jupiter received a $35 million strategic investment from ParaFi Capital.

marsbit02/03 01:17

Crypto Morning Brief: Binance SAFU Fund Purchases $100 Million in Bitcoin, SpaceX Confirms Merger with xAI

marsbit02/03 01:17

XRP price prediction: What the loss of the $1.77 swing low means for you

XRP has lost the critical support level at $1.77, turning the higher timeframe structure bearish. The April 2025 low of $1.61 is also at risk. Despite a brief bullish shift earlier in January, the rally above $2.28 lacked momentum, and resistance at $2.40 held. Strong capital outflows are indicated by the CMF staying below -0.05. Long-term fundamentals remain strong due to Ripple's treasury initiatives, regulatory licenses, and developments like the XRP Lending Protocol. However, technical analysis suggests further downside in the near term. Traders are advised to consider short positions on a bounce to the $1.85–$1.94 range, targeting $1.50 or $1.39 for profits. A break above $1.94–$2.0 would signal a potential bullish recovery.

ambcrypto02/03 01:02

XRP price prediction: What the loss of the $1.77 swing low means for you

ambcrypto02/03 01:02

Inside The White House’s Crucial Crypto Meeting With Banks: Main Takeaways

White House officials met with crypto industry leaders and major banking trade groups to address a key regulatory dispute stalling the CLARITY Act. The central issue was whether stablecoin issuers and third parties should be allowed to offer rewards on stablecoin holdings. Banks advocate for restrictions, arguing it protects financial stability, while the crypto industry claims such limits unfairly favor traditional banks. The two-hour discussion was described as constructive, with progress noted on balancing risks and benefits. Attendees included major banks, crypto firms like Coinbase and Ripple, and industry groups. Despite positive dialogue, the legislative path remains uncertain as the Senate Banking Committee has yet to advance its portion of the bill.

bitcoinist02/03 01:01

Inside The White House’s Crucial Crypto Meeting With Banks: Main Takeaways

bitcoinist02/03 01:01

Here’s what happened in crypto today: 1 sell-off, 4 major shocks

The cryptocurrency market experienced a significant sell-off, with Bitcoin dropping to around $76K. Despite the decline, historical patterns suggest such downturns—like those following Mt. Gox, the ICO bubble burst, COVID-19, and the FTX collapse—are often temporary, with Bitcoin historically recovering from losses as high as 80%. In other major developments: - World Liberty Financial (WLFI), linked to former President Trump, sold a 49% stake to UAE-based Aryam Investment in a $500 million deal. The transaction occurred just before Trump’s second inauguration, though WLFI had no live products at the time. - Igor Runets, CEO of Russian Bitcoin mining firm BitRiver, was detained in Moscow on tax evasion charges. The company, once worth hundreds of millions, has faced challenges since U.S. sanctions in 2022. - CrossCurve’s cross-chain bridge was exploited due to a smart contract flaw, resulting in an estimated $3 million loss. The team has offered a 10% reward for the return of funds and warned of potential legal action. Despite short-term concerns, Bitcoin’s long-term resilience remains a key theme.

ambcrypto02/02 15:02

Here’s what happened in crypto today: 1 sell-off, 4 major shocks

ambcrypto02/02 15:02

What Are the Most Profitable CEOs in the Crypto World Doing Right Now?

Tether CEO Paolo Ardoino is actively expanding the company’s influence through regulatory compliance, new product launches, and strategic investments. Tether recently introduced USAT, its first fully U.S.-regulated stablecoin, aiming to compete with Circle’s USDC. Ardoino emphasizes Tether’s collaboration with U.S. authorities, including the FBI and Secret Service, to enhance transparency and combat illicit activities. He highlights Tether’s role in financial inclusion, serving over 536 million users, many in economically unstable regions. Despite past controversies and criticisms, Tether has demonstrated resilience, handling massive redemptions during market crises. Beyond stablecoins, Tether is investing heavily in gold-backed assets, AI, and various sectors, positioning itself as a diversified, stability-focused entity with global impact.

比推02/02 15:00

What Are the Most Profitable CEOs in the Crypto World Doing Right Now?

比推02/02 15:00

KuCoin Extends Support to USD1 as WLFI Stablecoin Climbs the Ladder

KuCoin has announced support for the USD1 stablecoin issued by World Liberty Financial (WLFI). The token will be available on the AB Core Network, with deposits scheduled to begin on February 02, 2026. This move comes as USD1 rises in market capitalization, recently surpassing PayPal’s PYUSD to reach $4.96 billion. Launched in March 2025, USD1 has grown rapidly but still trails major stablecoins like USDT, USDC, USDe, and DAI. The listing follows a successful points program on Binance that distributed 12 million USD1 tokens, signaling broader adoption potential for the stablecoin.

TheNewsCrypto02/02 12:33

KuCoin Extends Support to USD1 as WLFI Stablecoin Climbs the Ladder

TheNewsCrypto02/02 12:33

What Are the Most Profitable CEOs in Crypto Doing Right Now?

Amid a wave of new stablecoin launches, Tether CEO Paolo Ardoino is leading a strategic shift toward regulatory compliance and mainstream legitimacy. The company recently introduced USAT, its first fully U.S.-regulated stablecoin, directly competing with Circle’s USDC. This marks a departure from Tether’s controversial past, during which it faced allegations of opacity and facilitating illicit activities. Ardoino emphasizes Tether’s collaboration with U.S. agencies like the FBI and Secret Service, highlighting its ability to freeze illicit transactions—$3.5 billion has been frozen to date. He defends Tether’s record, noting its resilience during crises like the TerraLuna collapse and its rapid processing of massive redemptions. With over $300 billion in excess reserves and a user base of 536 million—growing by 30 million per quarter—Tether’s influence is substantial. Ardoino positions the company not just as a stablecoin issuer but as a broader force for financial inclusion, especially in economies with hyperinflation. Beyond stablecoins, Tether is expanding into gold-backed tokens, holding roughly 140 tons of gold, and investing heavily in AI, robotics, and infrastructure. Its decentralized AI platform, Qvac, aims to serve underserved populations. Ardoino envisions Tether as a stability-focused entity, akin to a sovereign wealth fund, built to endure political and economic shifts.

marsbit02/02 12:23

What Are the Most Profitable CEOs in Crypto Doing Right Now?

marsbit02/02 12:23

Singapore Gulf Bank Rolls Out Fiat Stablecoin Bridge

Singapore Gulf Bank has launched a managed fiat-to-stablecoin interoperability solution to bridge traditional banking and blockchain technology. The service enables regulated financial entities to conduct seamless conversions, settlements, and value transfers between fiat currencies and stablecoins without relying on unregulated third parties. This initiative aims to address challenges like fragmented liquidity and compliance issues in the crypto sector while aligning with global regulatory standards. The move reflects growing institutional demand for compliant digital asset infrastructure and may accelerate the adoption of regulated blockchain-based financial systems.

TheNewsCrypto02/02 12:11

Singapore Gulf Bank Rolls Out Fiat Stablecoin Bridge