Circle Stock Still Bullish After Sharp Decline, Bernstein Sees More Than Triple Upside

CoinFeed July 1 news, according to The Block report, Bernstein reiterated an Outperform rating on Circle, maintaining a $190 price target, implying about 203% upside from the current stock price, after Circle parent company CRCL shares fell 17.5% in a single day following the launch of the new stablecoin Open USD (OUSD). OUSD is operated by independent company Open Standard, in partnership with over 140 institutions including Visa, Stripe, Mastercard, BlackRock, Coinbase, offering free minting and redemption, with reserve yields shared among partners.