Follow UsCircle slides after Morgan Stanley downgrade, cut in price target
Bearish+4.71%
3 Aug, 13:59
Source: CoinDesk
AI Summary
Circle Internet Group shares declined after Morgan Stanley downgraded the stock and cut its price target, citing concerns over tokenized money market funds, Open USD, and slower USDC growth weighing on earnings.
The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer's earnings.