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Circle is the issuer of the second biggest stablecoin.
Wells Fargo raised its price target for Circle to $142, implying 24% upside.
KEY POINTS
- The CLARITY Act now allows stablecoin rewards tied to usage, not passive interest.
- Circle's USDC is evolving to support broader financial operations beyond just reserve income.
- Wells Fargo believes the market underestimates Circle's foundational role in financial infrastructure.
COMPANIES
Summarized by Newsio from CNBC. How we summarize →