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

$USDC