š Latest News: Citi Gives 'Buy' Recommendation for Circle!
Analysts are shocked! Citigroup (Citi) has just launched a very bullish report for Circle, the issuer behind the USDC stablecoin.
Here are the hot points:
š Valuation Still Cheap - Citi says Circle's stock price is not too expensive yet, there is still room to rise 20-30%
š USDC Growing in Popularity - This stablecoin has become a favorite among institutions, transaction volume surged 47% YTD
š Tempting Price Target - Citi sets a price target 15% above the current level
š” Regulation as a Catalyst - Legal certainty could make USDC more dominant in the market
š„ Institutions Starting to Accumulate - This report could trigger a buying wave from large investors
(Source: CoinDesk)
