Bernstein initiates Circle at \u0022Outperform\u0022, sets $140 target; sees growth decoupled from Clarity Act timeline

AI Market Summary

Bernstein initiated Circle with an Outperform view, arguing the firm's growth cycle is less dependent on near-term U.S. legislative progress (e.g., the Clarity Act). The note highlights recent USDC momentum, citing $1.7B supply growth in the past week and rising stablecoin transaction-volume share. The read-through is supportive for Circle's equity narrative and broader stablecoin adoption sentiment.

Impact level

● Medium

Affected assets

NCSKCRCL2USD/USDT+3.50%

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 assigned Circle an \u0022Outperform\u0022 rating with a $140 price target, arguing the company\u0027s growth cycle is not contingent on progress of the Clarity Act. The team pointed to roughly $1.7 billion in USDC supply growth over the past week and noted Circle\u0027s rising share of stablecoin transaction volume. $CRCL

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.