Citi: Stablecoin reward restrictions may slow but do not pose a fundamental threat to Circle

Citibank said proposed limits on stablecoin rewards in the latest draft of U.S. market structure legislation would deal a blow to Circle(CRCL) but would not pose a fundamental threat to its investment prospects. Citibank has a high risk rating on Circle shares with a price target of $243. As of press time, the stock was trading at approximately $100.