Circle Margins Shrink, But JPMorgan Still Expects the Stock To Double
JPMorgan signaled confidence in Circle and its stablecoin ecosystem despite softer trading activity and higher partner payouts.
Circle's profit margins got smaller because they're paying partners more, but a big bank still thinks the company will grow a lot. When experts stay confident even during tough times, it shows they believe in the company's future plans.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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