Clear Street calls Circle stock sell-off excessive, says growth drivers unchanged

Clear Street Investment Banking believes the recent sell-off in Circle (CRCL) stock is excessive, Decrypt reported. The stock plunged 20% following the announcement of an agreement on the U.S. crypto market structure bill (CLARITY). According to Clear Street analyst Owen Lau, a potential ban on paying interest on stablecoin balances would not slow the adoption of USDC. He explained that while short-term revenue expectations might need to be lowered, the strategic demand for the stablecoin remains strong. Lau added that growth drivers such as tokenization, AI-based payments, prediction markets, and increased institutional investment in regulated payment systems will remain unchanged. Clear Street maintained its $152 price target for Circle.