CryptoCoinDeskabout 2 hours ago
Jefferies warns against buying Circle dip
1 min read
Jefferies warned against buying the dip in Circle shares, citing rising competition from the Open USD stablecoin consortium backed by Stripe, Coinbase, Visa, Mastercard, and BlackRock. Circle shares bounced 5% Wednesday after a 17% plunge. Jefferies analysts wrote that CRCL headwinds are unlikely to ease.
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