CoinDeskThe bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer's earnings.
Circle (CRCL) slides after Morgan Stanley slashes price target to from $106
Circle (CRCL) slides after Morgan Stanley slashes price target to $38 from
Watch whether follow-up sources disclose whether the metric persists, the cross-border segment mix, margins, and management guidance. Also confirm who owns authorization, limits, identity, and exception handling.
circle-crcl-slides-after-morgan-stanley-slashes-price--d980bce0The page already presents the summary and analysis. This section keeps only the copy, download, and technical source record without repeating the same reading view.
# Circle (CRCL) slides after Morgan Stanley slashes price target to $38 from $106 > Evidence tier: B1 > Evidence type: Independent digital asset media report > Source: [CoinDesk](https://www.coindesk.com/markets/2026/08/03/circle-internet-slides-after-morgan-stanley-downgrade-cut-in-price-target) > Published: 2026-08-03 > Captured: 2026-08-03T14:30:21.572Z ## Source summary The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer's earnings. ## Why it matters This development is providing a measurable signal about demand, growth, or unit economics. For cross-border payments, the decision question is whether it materially changes delegated authorization, agent identity, payment controls, fraud handling, or dispute resolution, rather than adding another market announcement. ## Key numbers - **Circle (CRCL) slides after Morgan Stanley slashes price target to from $106:** $38 - **Circle (CRCL) slides after Morgan Stanley slashes price target to $38 from:** $106 ## Topics and entities - Industry lane: Agentic payments - Entities: Circle / Citi - AI-native finance - Cross-border payments ## Evidence and credibility note Do not bypass subscription controls or republish restricted text. Keep permitted headline, date, metadata and direct link visible; use authorized UVA research access or public corroboration for body validation. Automatically extracted metadata and material claims should be checked against the linked original before investment use. Date evidence: Automatically verified from JSON-LD datePublished: 2026-08-03T13:59:50.112Z ## First-party corroboration No directly corresponding A1 company announcement is currently linked. ## Original-source traceback [Open the original CoinDesk report](https://www.coindesk.com/markets/2026/08/03/circle-internet-slides-after-morgan-stanley-downgrade-cut-in-price-target) --- This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.