Morgan Stanley Cuts Circle Valuation in Half, Warns on Stablecoin Headwinds
Crypto

Morgan Stanley Cuts Circle Valuation in Half, Warns on Stablecoin Headwinds

Morgan Stanley cuts Circle's price target in half to $38, citing USDC contraction and rising competition from tokenized money market funds. The bank slashed earnings forecasts significantly through 2028.

August 3, 2026

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