The long term perspective of CRCL is how fast it can grow its B2B transaction business. This is because Fed will continue to cut interest rate (especially after new Fed chariman taking the post next year). So, a combination of slowing down of USDC circultation and 12-18 months of interest rate cutting cycle is going to be a big negative for CRCL.
To invest in CRCL, more focus should be put on its ability to launch B2B transaction service, and increase the revenue % contribution.
At same time, CRCL price has come down a lot, so, maybe some kind of panic sell when they provide lower Q4 guidance could be the final time to step in
