NextGen Venture (NDV) founder Jason Huang said the firm is taking the opposite approach from its earlier warning on Strategy (MSTR) pullback risk and has added Circle (CRCL) to its watchlist to look for opportunities as market sentiment comes under pressure. According to Odaily, Huang said Circle shares fell about 14% the previous day after multiple financial institutions jointly launched Open USD, which raised market concerns about intensifying competition.
Huang argued that the market misread the situation, saying large institutions entering the space would not necessarily shrink the stablecoin market and could expand it. He said the global stablecoin market capitalization is about $317 billion and described the sector as still in an early growth stage.
He also cited historical examples in which jointly promoted payment and financial projects failed due to misaligned incentives, including Libra, and said such efforts may not change the core competitive landscape over the long term.
Huang said Circle has been included among a small number of U.S.-listed stablecoin-themed stocks that he considers tradable. He added that he has not provided a specific price target or an immediate plan to build a position, but will focus on tracking Circle’s quarterly execution and changes in fundamentals.
Jason Huang: NextGen Venture Adds Circle to Watchlist After 14% Stock Drop
2026-07-02 12:04:20
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