Bernstein Keeps $140 Target on Circle as USDC Supply Rebounds

AI Market Summary

Bernstein highlights "digital dollar reinflation" as USDC supply rose ~$2B in a week and USDC's trading-volume share reportedly surpassed USDT. The note reiterates an Outperform stance on Circle, reinforcing confidence in stablecoin-driven payment and liquidity rails. Near term, this can support risk appetite across crypto markets via improved on-exchange liquidity, while directly benefiting Circle-linked equities on sentiment and adoption momentum.

Impact level

● Medium

Affected assets

NCSKCRCL2USD/USDT+2.47%

AI Insight · NCSKCRCL2USD/USDTAI Insight

▲ Bullish

Trade now

⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.

Bernstein analysts say the market is seeing signs of a "digital dollar reinflation" as USD Coin (USDC) expanded by $2 billion over the past seven days, according to ChainCatcher citing Cointelegraph. The firm reiterated an Outperform rating on Circle (CRCL) and maintained its $140 price target. Bernstein also noted that USDC's share of trading volume has moved ahead of Tether (USDT).

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.