智通财经APP获悉，周一，Circle(CRCL.US)涨逾5%，报68.31美元。消息面上，在Open Standard宣布将推出名为Open USD的竞争性稳定币后，稳定币发行商Circle上周二股价大跌逾17%。对此，William Blair分析师安德鲁·W·杰弗里认为，市场对竞争风险的担忧反应过度。杰弗里在致客户的报告中写道：“我们认为，在规模超过20万亿美元的稳定币市场中，竞争不可避免，而这实际上证明了稳定币商业化模式的可行性，并将使Circle及其USDC受益。”
杰弗里重申对Circle的“跑赢大盘”评级，理由包括其先发优势、更强的流动性，以及其稳定币流转基础设施CPN(Circle Payments Network)。此外，USDC约730亿美元的市值，几乎是其最接近、符合《GENIUS法案》要求的竞争对手的15倍。他写道：“我们认为，新进入者将难以复制Circle的商业模式，而其所宣称的优势，例如储备收益共享(reserve income-sharing)，实际上与现有模式并无本质区别。”“在我们看来，Open USD更像是一个为了寻找问题而推出的解决方案。”
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