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Compass Point Research Downgrades Circle to 'Sell' Rating Due to Anticipated Earnings Decline
3 week ago /
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Author：小编
Investment firm Compass Point Research has downgraded its rating of stablecoin issuer Circle to 'Sell', citing potential earnings declines in the event of a Federal Reserve interest rate cut. Circle generates a significant portion of its revenue from interest on the reserve assets that back its stablecoin, USDC, which has a circulation of approximately $60 billion. Should the Federal Reserve reduce interest rates, this would directly impact Circle's profitability.
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