Bitget App
Trade smarter
Bernstein: Growing demand for stablecoins enables Circle to withstand the impact of Fed rate cuts
Show original
According to ChainCatcher, Wall Street broker Bernstein stated that if US interest rates drop significantly, Circle (CRCL)'s revenue could take a hit. However, strong demand for stablecoins and operating leverage may help mitigate the impact. Currently, Bernstein rates Circle stock as Outperform with a target price of $230. The stock fell 2.3% in early trading, dropping to around $134.4.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Powell: Despite the lack of recent data, the U.S. economy appears to remain stable
金色财经•2025/10/14 18:31
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$113,274.92
-1.84%
Ethereum
ETH
$4,122.66
-2.64%
Tether USDt
USDT
$1
+0.01%
BNB
BNB
$1,223.69
-4.33%
XRP
XRP
$2.52
-4.04%
Solana
SOL
$203.76
-1.26%
USDC
USDC
$1
+0.01%
Dogecoin
DOGE
$0.2046
-4.85%
TRON
TRX
$0.3172
-1.94%
Cardano
ADA
$0.7036
-3.08%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now