Despite a significant drop in deal numbers, crypto funding saw a substantial rise, primarily directed towards asset managers, exchanges, and financial services. Notably, the market value of stablecoins rose by 12%, reaching 227.1 billion USD.
Circle’s upcoming IPO is expected to have a considerable impact on market valuations. PitchBook predicts increased venture investments in the near term, particularly within payment and treasury-management sectors that capitalize on stablecoin use.
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