Just weeks after its blockbuster IPO, USDC stablecoin issuer Circle announced Monday that it is seeking approval from the Office of the Comptroller of the Currency, or OCC, to launch…
USDC stablecoin issuer Circle has applied for a license to establish its own national trust Bank in the US. According to a Monday announcement, Circle is looking to establish First…
In brief
JP Morgan analysts penciled in a price target of $80 for Circle shares
The company is likely to face stiff competition when stablecoin legislation passes, while being sensitive to interest…
Wall Street heavyweight JPMorgan (JPM) initiated coverage of stablecoin issuer Circle (CRCL) with an underweight rating and an underwhelming $80 price target. The shares were trading 4.5% higher at around…
In brief
Lawmakers and crypto industry leaders have argued stablecoins will redefine the U.S. economy once relevant legislation passes.
A senior Moody's analyst doubts swarms of traditional banks and merchants will…
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC,…
Shares in Circle Internet Group (CRCL) stock have soared in value since the stablecoin issuer went public on the US stock market. The stock has surged amid institutional and investor…
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In brief
Circle's stock dropped 6% after Compass Point initiated coverage with a neutral rating and $205 price target.
Analysts believe Circle trades at over 100x EBITDA as investors bet on stablecoin…
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