Source: KuCoin
Outside the firm, Circle stock is down 26.24% over the past month due to macroeconomic and regional-conflict-related shocks.
Most importantly, the stablecoin-impacting CLARITY Act remains in limbo as key parties disagree on yield-bearing incentives.
Revenue diversification and regulatory compliance
In a bid to diversify its revenue sources, the firm launched the institutional-grade settlement platform, Circle Payments Network, and appointed Amazon’s former CEO, Adam Selipsky, to its Board of Directors.
Meanwhile, Circle’s flagship product, USDC, remains the main selling point, with Chainalysis predicting $1.5 quadrillion in trading volume by 2035. Institutional demand for USDC rose so high on April 7 that Circle minted a billion USDC in a 24h period.
As for the ZachXBT expose, Circle stressed its regulatory compliance, saying it freezes assets only when mandated by law as part of its consumer protection initiatives.
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