Key highlights: Bernstein has cut its price target for Circle by $50, citing an uncertain revenue outlook The firm downplayed speculation that OpenUSD will affect Circle’s long-term share price CRCL is down by over 40% from its all-time high Global equity research firm Bernstein has slashed its end-of-year price target for CRCL stock to $140. […]
Tag: USDC
Key highlights: Aave will phase out 75 low-activity asset reserves as part of a protocol-wide effort to reduce risk and operational costs Aave is removing underused lending markets affecting $113.7 million in positions, saying many no longer generate enough activity to justify ongoing maintenance However, Aave is expanding on stronger networks, with the protocol recently […]
Key highlights: The IMF says Brazil’s dependency on stablecoins could have far-reaching effects for the broader economy. Stablecoins have led Brazil’s crypto market growth for nearly 10 years, with dollar-denominated assets leading the charge. Tether’s USDT holds a sizable share of the market, followed by Circle’s USDC. The International Monetary Fund (IMF) has called for […]