Circle Called ‘Most Important’ Stablecoin Player by Investment Firm William Blair

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. The bank’s thesis rests on the belief that stablecoin commerce, led by USDC, will r ...