Circle Internet Group stock jumps again as rates drive the USDC story
Circle Internet Group shares saw a significant jump for the third consecutive session, closing over $105, driven by Mizuho raising its target price due to inflation risks and reduced odds of rate cuts. The company's core business relies on reserve income from its stablecoin, USDC, benefiting from higher interest rates. An officer's planned share sale and an increasingly crowded stablecoin market are also noted as factors for investors to consider.
https://www.bez-kabli.pl/circle-internet-group-stock-jumps-again-as-rates-drive-the-usdc-story/