{"id":5876,"date":"2025-09-11T03:07:05","date_gmt":"2025-09-11T03:07:05","guid":{"rendered":"https:\/\/icobench.com\/kr\/?p=5876"},"modified":"2025-09-11T03:07:05","modified_gmt":"2025-09-11T03:07:05","slug":"growing-defi-usdh-challenges-circle-whale-moves","status":"publish","type":"post","link":"https:\/\/icobench.com\/kr\/news\/growing-defi-usdh-challenges-circle-whale-moves\/","title":{"rendered":"\ub098\ub0a0\uc774 \ucee4\uc9c0\ub294 \ub514\ud30c\uc774: \uc11c\ud074 \uc704\ud611\ud558\ub294 USDH\uc640 \uace0\ub798\uc758 \ub300\uc774\ub3d9"},"content":{"rendered":"
\uac00\uc0c1\uc790\uc0b0 \uc2dc\uc7a5\uc774 \uc911\uc694\ud55c \uad50\ucc28\ub85c\uc5d0 \ub2e4\ub2e4\ub790\ub2e4. \uc911\uc559\ud654\ub41c \uae30\uc5c5\ub4e4\uc740 \uc0c8\ub85c \ub4f1\uc7a5\ud55c \uacbd\uc7c1 \ud0c8\uc911\uc559 \ud504\ub85c\ud1a0\ucf5c\uacfc \uac70\uc2dc\uacbd\uc81c\uc801 \ud658\uacbd \ubcc0\ud654\uc758 \uc704\ud611\uc744 \ubc1b\uace0 \uc788\uc73c\uba70 \uace0\ub798 \ud22c\uc790\uc790\ub4e4\ub3c4 \ub514\ud30c\uc774\ub85c \uc774\ub3d9\ud558\ub294 \uc6c0\uc9c1\uc784\uc744 \ubcf4\uc5ec\uc8fc\uace0 \uc788\ub2e4.\u00a0<\/span><\/p>\n \uc8fc\uc694 \uc2a4\ud14c\uc774\ube14\ucf54\uc778 USD \ucf54\uc778(USDC) \ubc1c\ud589\uc0ac \uc11c\ud074\uc774 9\uc6d4 \ubbf8 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uc758 \uae30\uc900\uae08\ub9ac \uc778\ud558\uac00 \uc720\ub825\ud574\uc9c0\uba70 \ub9e4\ucd9c \uac10\uc18c \uc704\uae30\uc5d0 \uc9c1\uba74\ud588\ub2e4. \uc804\ubb38\uac00\ub4e4\uc740 \ubbf8 \uad6d\ucc44 \uc218\uc775\uc5d0 \uc758\uc874\ud558\ub294 \uc11c\ud074\uc758 \uc218\uc775 \uad6c\uc870\uac00 \uae08\ub9ac \uc778\ud558\ub85c \ud070 \ud0c0\uaca9\uc744 \ubc1b\uc744 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4.\u00a0<\/span><\/p>\n \uc11c\ud074\uc740 \uace0\uac1d \uc900\ube44\uae08\uc744 \ubbf8 \uad6d\ucc44\uc5d0 \ud22c\uc790\ud574 \ub098\uc624\ub294 \uc774\uc790 \uc218\uc775\uc744 \uc8fc \uc218\uc785\uc6d0\uc73c\ub85c \ud55c\ub2e4. \uc554\ud638\ud654\ud3d0 \ubd84\uc11d\uac00 \ub354\uc6d0\uc564\uc634\uc9c0(TheOneandOmsy)\ub294 <\/span>\uae30\uc900 \uae08\ub9ac\ub97c 100bp \uc778\ud558\ud560 \uacbd\uc6b0 \uc11c\ud074\uc758 \ucd1d \ub9e4\ucd9c\uc774 23% \uac10\uc18c\ud558\uace0 \ub9e4\ucd9c \ucd1d\uc774\uc775\uc774 30% \uac00\uae4c\uc774 \ud558\ub77d<\/span><\/a>\ud574 \uc2e4\uc801\uc744 \uac15\ud558\uac8c \uc555\ubc15\ud560 \uc218 \uc788\ub2e4\uace0 \uc8fc\uc7a5\ud588\ub2e4.\u00a0<\/span><\/p>\n This will play out in the months ahead, but interest rate cuts are horrendous for rate sensitive names like Circle \u2014 Omar (@TheOneandOmsy) August 13, 2025<\/a><\/p><\/blockquote>\n\uc11c\ud074 \u2013 \uae08\ub9ac \uc778\ud558, \ud558\uc774\ud37c\ub9ac\ud034\ub4dc \uacbd\uc7c1 \uc9c1\uba74<\/span><\/h2>\n
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\u2013 A 100bps cut slashes run rate gross revenue by $618m (-23%), gross profit $303m (-30%), and margins 3.3%
\u2013 Valuation wise, takes an expensive stock trading at 42x\u2026 https:\/\/t.co\/7lbPYUdfK3<\/a> pic.twitter.com\/FspLbdUD8N<\/a><\/p>\n