Matrixport: Market Focus Gradually Shifts to Stablecoin Issuers and Core Crypto Infrastructure Firms Due to Circle’s Influence

Odaily Planet Daily reports that Matrixport’s chart of the day shows Circle’s latest valuation has reached $60 billion, nearly matching the total circulating supply of USDC ($61.2 billion), and has remained stable over the past three months. In comparison, a certain exchange currently has a market capitalization of $78.3 billion. The contrast between the two is striking, reflecting a market shift in focus from diversified trading platforms to core crypto infrastructure companies such as stablecoin issuers.
No matter where valuations ultimately settle, one trend is becoming increasingly clear: capital is accelerating its flow into infrastructure-focused crypto companies. The recent wave of IPOs further confirms the continued influx of institutional funds. We believe this is one of the factors supporting Bitcoin’s potential to remain strong this year, even if the short-term consolidation is not yet over.