NDV founder: Closely monitoring Circle pullback opportunities, stablecoin competition is beneficial for expanding the crypto market space

Odaily reported that Jason Huang, founder of NextGen Venture (NDV), stated in a post that the institution had previously successfully warned about the risk of a Strategy (MSTR) pullback in advance. At present, however, it is taking the opposite approach, starting to place Circle (CRCL) on its watchlist to look for opportunities while market sentiment is under pressure.

Jason Huang analyzed that Circle's share price fell by about 14% yesterday against the backdrop of multiple financial institutions jointly launching Open USD, which sparked concerns in the market about intensified competition. However, this logic has been misunderstood: the joint entry of large institutions will not reduce the size of the stablecoin market but may actually enlarge the overall "pie." Currently, the global stablecoin total market cap is only about $317 billion, and the industry is still in its early growth stage. Historical experience shows that payment and financial projects jointly promoted by multiple parties often fail due to inconsistent incentives, such as Libra, so in the long term, they may not change the core competitive landscape.

Jason Huang revealed that Circle is now listed as one of the few tradable US stock targets with a stablecoin theme. Although there is not yet a clear target price or immediate position-building plan, its quarterly performance and fundamental changes will be closely monitored.