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Citigroup: Proposed Stablecoin Reward Restrictions May Slow Down but Not Fundamentally Threaten Circle

Citigroup stated that the proposed restrictions on stablecoin rewards in the latest draft of U.S. market structure legislation will impact Circle (CRCL), but will not pose a fundamental threat to its investment outlook. Citigroup has assigned a high-risk rating to Circle's stock, with a target price of $243. As of the time of publication, the stock price is approximately $100.

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