Compass Point downgraded Circle Internet Group (CRCL) from hold to Strong Sell. The firm established a price target of $77 for the stock. Analysts warned of a potential margin squeeze as USDC supply shifts into lower-margin areas.
Circle shares tumbled 9.89% in the previous trading session. The stock closed at $85.10 following the downgrade. The bearish outlook also cites slowing USDC supply growth and intensifying market competition.
Circle separately announced a partnership with European payments leader Worldline. The deal expands access to the CPN Managed Payments platform for European financial institutions. This collaboration enables stablecoin-powered settlements across the region.