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Jefferies warns against buying dip in Circle amid new competition concerns · Cyprus Report

Business · World

Jefferies warns against buying dip in Circle amid new competition concerns

1 sourceFirst reported 21 days agoUpdated 21 days ago

AI summary: catch up in 20 seconds

Jefferies has advised against buying the dip in Circle.
The investment bank cited new competition from the Open USD stablecoin consortium.
Open USD is backed by Stripe and Coinbase.
This new competition could impact the growth of USDC.

Generated by AI from the 1 sources below · always verify with the originals

AI summary: catch up in 20 seconds

Summarising the coverage…

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All coverage (1)

Jefferies warns against buying the dip in Circle as Open USD raises new competition fearsCoinDesk · 21 days ago

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AI summary: catch up in 20 seconds

Jefferies has advised against buying the dip in Circle.
The investment bank cited new competition from the Open USD stablecoin consortium.
Open USD is backed by Stripe and Coinbase.
This new competition could impact the growth of USDC.

Generated by AI from the 1 sources below · always verify with the originals