Circle (CRCL) stock steadies near $87 after earnings pop as rate, regulation loom
Circle shares closed up 5% at $87.26 Thursday, holding gains from a 35.5% surge the previous day. USDC in circulation jumped 72% to $75.3 billion, boosting Q4 revenue and reserve income. Investors are watching U.S. rate shifts and a proposed stablecoin rule. Needham cut its price target to $130, while Morgan Stanley raised its target to $80.