Ripple Rival Circle Downgraded by Compass Point! 📉
Equity research firm Compass Point slashed Circle (USDC issuer) to a Sell, cutting its price target to $130 — a 37% drop.
CLRC shares fell nearly 9% on the news.
Why the downgrade?
• Overvalued vs. revenue & competition
• GENIUS Act opens doors for big banks to dominate stablecoins
• Higher compliance costs & tighter margins ahead
• Rising competition from Ripple’s RLUSD and others
Ironically, a bill meant to boost stablecoins may squeeze Circle hardest.
#GENIUSAct #StablecoinLaw #USDC #Ripple #CryptoNews
