CRCL Sell-Off ‘Looks Overdone’ Say Analysts as Circle CEO Addresses Open USD Threat
In brief CRCL shares fell 18% on Tuesday amid news of a major stablecoin launch coming later this year. Analysts at Clear Street though don’t think the launch—which has backers like Visa, Mastercard, and Coinbase—warranted the reaction. Shares have bounced back 3% on Friday but are still 75% off their 52-week high. Shares in USDC…