7月11日周五，稳定币USDC发行商Circle Internet Corp.（纳斯达克股票代码：CRCL）股价在盘中大跌5.08%，截至发稿时报收于116.75美元。这一显著跌幅主要源于贝雅证券（Baird）分析师首次覆盖该股并给予"中性"评级。
贝雅证券在最新发布的研报中指出，考虑到当前加密货币基础设施服务领域竞争加剧，Circle的市场估值已经合理反映了其行业地位。分析师建议投资者对该股采取观望策略。这一谨慎的评级似乎引发了一些投资者的失望情绪，导致股价承压。
值得注意的是，Circle于6月5日刚刚在纽约证券交易所完成上市，成为稳定币领域的首个IPO。上市后，Circle股价曾在投资者热捧下大幅上涨，涨幅一度超过190%，市盈率最高时接近400倍，远超市场预期。今日的回调或反映出部分投资者对其估值水平产生了担忧。
尽管短期股价承压，但Circle作为全球第二大美元稳定币USDC的发行商，其业务发展仍备受市场关注。随着美国国会即将就《GENIUS法案》等稳定币监管框架展开辨论，稳定币行业的政策环境或将迎来重要变化。投资者将继续密切关注Circle的储备资产管理、跨境支付业务拓展等方面的进展。
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