NDV Founder: Closely Monitoring Circle Correction Opportunity; Stablecoin Competition Helps Expand Crypto Market Space

NextGen Venture (NDV) founder Jason Huang stated that the firm had previously successfully issued an early warning on the correction risk of Strategy (MSTR). In contrast, it is now taking the opposite approach, beginning to include Circle (CRCL) on its watchlist, seeking opportunities when market sentiment is under pressure.

Jason Huang analyzed that Circle's stock price fell approximately 14% yesterday, against the backdrop of multiple financial institutions jointly launching Open USD, which sparked market concerns over intensified competition. However, he believes this logic has been misinterpreted by the market: the entry of large institutions together is unlikely to shrink the stablecoin market size but rather expand the overall "pie." Currently, the global stablecoin total market cap is only around $317 billion, indicating the industry is still in its early growth phase. Historical experience shows that payment and financial projects jointly promoted by multiple parties often fail due to misaligned incentives, such as Libra, and thus may not necessarily alter the core competitive landscape in the long term.

Jason Huang revealed that Circle has been added to a select list of tradable stablecoin-themed US stock targets. Although he has not provided a clear target price or immediate plan to establish a position, he stated that he will closely track its quarterly execution and fundamental changes.