Circle slides after Morgan Stanley downgrade, cut in price target

CryptoInfo Editorial Team · Published on August 03, 2026 at 13:59 · Updated on August 03, 2026 · 1 min read

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Key Takeaways

→Morgan Stanley downgraded Circle and cut its price target due to potential earnings risks
→Tokenized money market funds and slower USDC growth are among the factors cited by the bank
→Open USD is also mentioned as a factor that could weigh on Circle's earnings

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Circle, the issuer of the USDC stablecoin, has seen its stock slide after a downgrade from Morgan Stanley. The bank cited several factors that could weigh on Circle's earnings, including the rise of tokenized money market funds and slower growth of the USDC stablecoin.

Additionally, Morgan Stanley mentioned Open USD as another factor that could impact Circle's earnings. The bank also cut its price target for the company, further contributing to the decline in Circle's stock price.

This news is based on reporting from CoinDesk. The downgrade and price target cut from Morgan Stanley reflect the bank's assessment of potential risks to Circle's financial performance.

Source: CoinDesk ↗

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