Stablecoins Like Tether 'Becoming Systemically Important': Bernstein
Portfolio Pulse from Khyathi Dalal
Stablecoins are becoming systemically important, with Tether leading the market. Bernstein analysts highlight their role in global finance and crypto trading. Robinhood is rated 'Outperform' due to its integration of stablecoins, while new players like PayPal are emerging.
September 19, 2024 | 7:17 pm
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POSITIVE IMPACT
Bernstein rates Robinhood 'Outperform' with a $30 price target, expecting growth from stablecoin integration for crypto trading and cross-border transfers.
Robinhood's integration of stablecoins is expected to enhance its crypto trading and cross-border transfer capabilities, leading to a positive outlook from Bernstein.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80