90-year-old bank boosts Circle price target

Morgan Stanley is betting on a massive 60% upside for Circle, but their math relies on a staggering 40% annual growth rate for USDC through 2028. This projection seems detached from reality given that USDC is currently stuck under $80 billion and holds less than half the market share of Tether. Expecting such explosive growth while trailing so far behind the industry leader is a bold, perhaps reckless, gamble. Can USDC actually close the gap, or is this target pure hype? What’s your take?
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