Circle seeks to launch national trust bank amid JPMorgan’s bearish price target
Circle has applied to launch a national trust bank, the First National Digital Currency Bank, N.A., in the US.The move comes amid JPMorgan's prediction that Circle's stock could hit $80, a 55% drop from its current price.CRCL closed at $181 on Monday, down 39% from its all-time high of $298.Circle (CRCL) closed at $181 on Monday following an announcement that it plans to launch a national trust bank, the First National Digital Currency Bank, N.A. Meanwhile, JPMorgan hinted at a potential 55% plunge to $80 in CRCL's price.Circle files to...