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Circle's USDC continues to rise; William Blair reaffirms "outperform" rating after third-quarter earnings announcement.

Investment bank William Blair reaffirmed its “Outperform” rating on Circle (CRCL) stock. Previously, the stablecoin issuer reported third-quarter results that exceeded expectations, although its stock price fell 3.9% to around $94.50 in pre-market trading. Analyst Andrew Jeffrey believes that USDC is likely to become the industry standard for stablecoins and suggests investors take advantage of any stock price weakness to build a position, noting that USDC outperforms competitors in terms of scale and liquidity. Circle's infrastructure projects, including the Arc blockchain with 100 participants and the planned Mainnet launch in 2026, have made progress. Volume surged 101 times, with an annual trading amount reaching $3.4 billion, driving up transaction fees and raising the 2025 trading revenue expectation to between $90 million and $100 million.

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