Reported about 13 hours ago
Circle's stock fell 15% on Tuesday, ending a significant rally that had been driven by optimism regarding stablecoin regulation. Wall Street is now highlighting the increased risk of competition in the digital token market, especially as new regulations may soon pave the way for additional stablecoin issuers. Analysts suggest that while Circle initially benefited from recent legislative support, the influx of competitors could pressure its market share and stock performance going forward.
Source: YAHOO