coin-img-SOLSOL+8.20%coin-img-BTCBTC+4.61%coin-img-ETHETH+2.61%coin-img-HYPEHYPE+1.51%coin-img-XRPXRP+3.24%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE+0.42%coin-img-PENDLEPENDLE-0.71%coin-img-SOLSOL+8.20%coin-img-BTCBTC+4.61%coin-img-ETHETH+2.61%coin-img-HYPEHYPE+1.51%coin-img-XRPXRP+3.24%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE+0.42%coin-img-PENDLEPENDLE-0.71%coin-img-SOLSOL+8.20%coin-img-BTCBTC+4.61%coin-img-ETHETH+2.61%coin-img-HYPEHYPE+1.51%coin-img-XRPXRP+3.24%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE+0.42%coin-img-PENDLEPENDLE-0.71%coin-img-SOLSOL+8.20%coin-img-BTCBTC+4.61%coin-img-ETHETH+2.61%coin-img-HYPEHYPE+1.51%coin-img-XRPXRP+3.24%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE+0.42%coin-img-PENDLEPENDLE-0.71%

Bernstein initiates Circle with $140 target after USDC supply jumps $2B in a week

AI Market Summary
Bernstein's $140 price target for Circle, alongside a $2B weekly increase in USDC supply, signals accelerating stablecoin adoption and improving activity in crypto payment and settlement rails. A rapid USDC supply expansion can reflect rising on-chain liquidity and demand for dollar-denominated crypto collateral, which may tighten spreads and support near-term risk appetite across venues reliant on stablecoin funding.
Impact level
● Medium
AI InsightAI Insight
▲ Bullish
⚠️ 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 set a $140 price target on Circle, citing a sharp pickup in USDC issuance. USDC supply increased by $2 billion over the past week.
USDC
USDC+0.02%
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