[Bernstein: Growing Demand for Stablecoins Enables Circle to Withstand Fed Rate Cuts] Odaily Planet Daily reports that Wall Street brokerage Bernstein stated that if U.S. interest rates drop significantly, Circle (CRCL)'s revenue could take a hit. However, strong demand for stablecoins and operational leverage may help mitigate the impact. The current rating for Circle's stock is 'Outperform,' with a target price of $230. The stock fell 2.3% in early trading, dropping to around $134.40. (CoinDesk)