Bernstein has initiated coverage on Circle (CRCL) with an ‘outperform’ rating, positioning it as a key player in digital dollar finance.
Circle’s IPO on June 5 significantly oversubscribed and saw a 167% debut increase, indicating strong investor interest.
The stablecoin market is projected to grow substantially, with USDC expected to capture a larger market share from Tether (USDT) guided by favorable regulations.
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