⚡️ New Analysis: JPMorgan Begins Coverage of Circle with 'Underweight' Rating! 📉
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📊 New Rating:
* JPMorgan has started coverage of Circle ($CRCL), the issuer of the USDC stablecoin, with an 'underweight' rating.
* The bank has set a price target for CRCL at $80 by December 2026.
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⚠️ Important Warnings:
* JPMorgan warned that increasing competition and central bank digital currencies (CBDCs) could put pressure on Circle's growth.
* These concerns point to potential challenges that stablecoins may face in the future.
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❓ How could increasing competition and central bank digital currencies impact the future of stablecoins like USDC?
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