Airwallex CEO: The time to short Circle has come

ChainCatcher news, Airwallex co-founder and CEO Jack Zhang posted on the X platform: The time has come to short Circle. Jack Zhang previously expressed doubts about the practicality of stablecoins in mainstream currency cross-border transactions, stating concerns regarding their usability.

U.S. stock trading data shows that Circle's stock price rose to over $210 this Monday, achieving a nearly 40% increase in a single day, with a market capitalization exceeding $48 billion.