Circle's Kash Razzaghi stated that the future of cryptocurrency lies in payments and utility rather than speculation, emphasizing blockchain's role in solving real-world financial problems. Previously, Mastercard launched a new initiative with 85 partners including Circle to explore combining blockchain with traditional payment methods. Bernstein maintained a $190 price target for Circle, citing the adoption of stablecoins. Circle stock closed at $114.18, with a slight decline in pre-market trading.

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