Circle’s $75B Future: Why Bitwise CIO Believes the Selloff Is a Major Overreaction!

Shares of Circle, the company that created the USDC stablecoin, dropped 22% to $98 on Tuesday after news emerged regarding lawmakers’ ruling on a disagreement over how much interest stablecoins can earn.








![The implementation of the [latex]\pi\pi[/latex]-flux condition within the investigated gauge for the IGT relies on a two-site unit cell comprising sublattices designated AA and BB, where the sign of [latex]\rho^{z}\_{ij}[/latex]-indicated by dashed (red, [latex]\rho^{z}\_{ij}=-1[/latex]) or solid (black, [latex]\rho^{z}\_{ij}=+1[/latex]) links-determines the specific gauge choice.](https://arxiv.org/html/2603.23154v1/Figures/two-site-unit-cell.png)