Cathie Wood Doubles Down on Circle Stock as USDC Issuer Outpaces Legacy Payment Giants
Cathie Wood has made Circle the largest crypto bet in ARK's flagship fund, dismissing Wall Street analysts who fail to grasp stablecoin disruption. Despite stock volatility, Circle posted a profitable second quarter with thirty-seven percent revenue growth driven by expanding USDC transaction volumes. Institutional conviction is splitting equity analysts with price targets ranging from thirty-seven dollars to one hundred seventy-three dollars.
Cathie Wood is refusing to back down on her massive digital dollar thesis. ARK Invest has elevated Circle to the top spot in its flagship fund holding over three hundred twenty-nine million dollars in stock. Wood argues traditional finance analysts, steeped in legacy payment giants like Visa and Mastercard, are fundamentally mispricing the company because they cannot comprehend the massive disintermediation happening across global rails.
While Wall Street struggles with valuation models, Circle is already churning out steady cash flow. Lower interest rates threaten yield on reserves, but surging USDC transaction velocity and a thirty-seven percent revenue jump in the second quarter showcase real underlying adoption. As Circle builds out its dedicated Arc infrastructure, legacy equity markets are once again lagging behind on-chain reality. The gap between analyst targets highlights a massive market disconnect that institutional money is moving to exploit.