Bernstein keeps $190 Circle target, sees 'limited impact' from OpenUSD

Wall Street investment bank Bernstein has maintained its Outperform rating and $190 price target for Circle (CRCL) following the launch of the stablecoin consortium OpenUSD. The assessment comes after Circle's stock price plunged 17.5% on the first day of the OpenUSD launch. Bernstein stated that despite the new consortium, its long-term growth outlook for Circle remains unchanged.