banks want a piece of the stablecoin pie now. and they're coming straight for Circle's territory.
WSJ just reported that banks, big and small, are warming up to launching their own stablecoins. the news hit and CRCL dropped 6%, now sitting around $89.
funny thing is — Goldman just raised their price target on CRCL to $81 this same week. so Wall Street's still bullish long-term, the market's just getting nervous short-term.
honestly the real question isn't whether banks show up. they will. the question is whether Circle's first-mover edge (USDC, Arc, CPN) is strong enough to stay ahead once they do.
$CRCL
WSJ just reported that banks, big and small, are warming up to launching their own stablecoins. the news hit and CRCL dropped 6%, now sitting around $89.
funny thing is — Goldman just raised their price target on CRCL to $81 this same week. so Wall Street's still bullish long-term, the market's just getting nervous short-term.
honestly the real question isn't whether banks show up. they will. the question is whether Circle's first-mover edge (USDC, Arc, CPN) is strong enough to stay ahead once they do.
$CRCL