Oppenheimer analyst Rayna Kumar assumed coverage of Circle Internet (CRCL) with a Perform rating. The firm notes Circle stands out by combining regulatory transparency with tools that let businesses use digital dollars in real-time. Unlike the competition, Circle also offers access to products like USYC, which allow users to earn interest from U.S. government bonds while keeping their funds liquid and easy to transfer. While Oppenheimer believes Circle is unique among competition, it remains on the sidelines, considering that the stock is trading 331% above its IPO price and 65x FY26 EBITDA.
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