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With stablecoin partnerships piling up and legislation on its side, Circle's rally stirs excitement--and serious skepticism.
The Wall Street bank started coverage of the stablecoin issuer with an underweight rating and a $80 price target.
The company will increase revenue is by increasing reserves, which grow through more use of its stablecoins. Circle's revenue exploded from $772 million in 2022 to roughly $1.45 billion in 2023. In ...
Since going public earlier this month, shares of Circle Internet Group (NYSE: CRCL) have rocketed by more than 600% (as of ...
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