Circle Selloff ‘Looks Overdone’ Analysts Say as Shares Rise After Cathie Wood Buys the Dip

In brief

• Circle shares pared losses after Cathie Wood’s Ark Invest bought the dip on Tuesday.
• Clear Street analysts predicted that preventing stablecoin intermediaries from offering deposit-like rewards won’t slow down USDC adoption.
• Bernstein analysts argued that prohibitions on yield…