[NDV Founder: Closely Monitoring Circle Pullback Opportunities, Stablecoin Competition Could Expand Crypto Market Space] Odaily Planet Daily News - Jason Huang, founder of NextGen Venture (NDV), stated in a post that the institution had previously successfully issued an early warning about the pullback risks of Strategy (MSTR). However, the current approach is the opposite, as Circle (CRCL) has been added to the watchlist to look for opportunities during periods of market pressure. Jason Huang analyzed that Circle's stock price dropped approximately 14% yesterday, driven by concerns over intensified competition after multiple financial institutions jointly launched Open USD. However, this logic has been misinterpreted by the market: the entry of large institutions into the space will not compress the stablecoin market size but may instead expand the overall "pie." Currently, the global stablecoin market capitalization is only about $317 billion, and the industry remains in its early growth stages. Historical experience shows that payment and financial projects jointly promoted by multiple parties often fail due to inconsistent incentives, such as Libra. Therefore, in the long term, this may not necessarily alter the core competitive landscape. Jason Huang revealed that Circle has been included as one of the few tradable U.S. stock targets within the stablecoin theme. Although no clear target price or immediate position-building plan has been provided yet, he stated that the focus will be on tracking its quarterly execution and fundamental changes.