To be honest, it really is like that.

CN
Phyrex
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1 day ago

To be honest, it really is like this. I would dare to invest in $BTC for $100,000, but I can't bring myself to invest in $CRCL for $100. Sometimes, I fall into the trap of being overly subjective. I see stablecoins as not being that profitable. Although they can be speculated on like PayPal's market value, PayPal itself is focused on payments and has already connected a large number of e-commerce platforms, cross-border, and offline payments, and it took a long time for them to launch PYUSD.

Moreover, even after more than a year since its launch, PYUSD has not been heavily promoted by PayPal. Although Circle is the closest to a compliant stablecoin in the U.S., PYUSD is also backed by the dollar and U.S. Treasury bonds, so there are no issues with its components. While PYUSD can't compete with USDC in trading, in the payment sector, Circle is just a toddler compared to PayPal.

With this understanding, it makes it very difficult for me to invest in CRCL at this price. It's really like what Uncle Cat said; this mindset is similar to the retail investors in the crypto space who still dare to buy Bitcoin when its price exceeds $100,000.

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Bitget:注册返10%, 送$100
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