NDV Founder: Closely Monitoring Circle Pullback Opportunities, Stablecoin Competition Benefits Expanding the Crypto Market Space

NextGen Venture (NDV) founder Jason Huang stated that the firm previously issued a successful early warning regarding Strategy's (MSTR) pullback risk. Currently, it is taking the opposite approach, adding Circle (CRCL) to its watchlist to seek opportunities amid market sentiment pressures.

Jason Huang analyzed that Circle's stock price fell approximately 14% yesterday, triggered by concerns over increased competition following the joint launch of Open USD by multiple financial institutions. However, this logic has been misinterpreted by the market: the entry of large institutions jointly will not shrink the stablecoin market size but may instead enlarge the overall "pie." The current global stablecoin market capitalization is only around $317 billion, indicating the industry is still in its early growth stage. Historical experience shows that payment and financial projects jointly promoted by multiple parties often fail due to misaligned incentives, such as Libra. Therefore, in the long term, this may not necessarily alter the core competitive landscape.

Jason Huang revealed that Circle has been added to a select list of U.S. stock targets in the stablecoin theme that are tradable. Although he has not yet given a clear target price or immediate position-building plan, he stated that the focus will be on tracking its quarterly execution and fundamental changes.