Coinbase shares ‘de-risked’ after selloff with USDC growth boosting Circle outlook: William Blair
The Block
William Blair analysts suggest Coinbase is de-risked following a price decline, citing USDC growth as a key driver for both Coinbase and Circle.Summary
William Blair analysts argue that Coinbase stock is now de-risked after a 26% decline from March highs. While trading volumes are currently weak, the firm highlights Coinbase’s expanding product suite and the increasing market share of USDC as factors that bolster the exchange’s long-term competitive edge. The analysts maintain a bullish outlook for both Coinbase and Circle, viewing the rising adoption of USDC as a significant growth catalyst.
(Source：The Block)