On the opposite end of the spectrum, Jeff Cantwell of Seaport Research Partners has a Buy rating on Circle and a $280 price target. That’s the second-highest on Wall Streeet. Cantwell disagrees with Mizuho’s Dolev and isn’t worried about more competition, citing Circle’s “first-mover advantage.”

Stablecoin issuer Circle Internet Group is seeing its stock (NYSE: CRCL) rise yet again. Shares in the company are up more than 7% in early morning as of the time of this writing. At one point, shares were up as much as 10% after markets opened.

Circle Internet Group, Inc. (NYSE:CRCL) has announced the pricing of a public offering comprising 10 million Class A shares at $130 each, equating to an equity raise of up to $1.3 billion. The company will sell 2 million shares directly,