Bernstein reiterates Circle "outperform" rating with $190 target as stablecoin usage grows in payments and AI

Circle Internet Group shares climbed 9.74% to close at $111.84 on Monday, their highest level since early November, after Bernstein reaffirmed an "outperform" rating and a $190 price target implying about 70% upside. The report cited resilient growth in stablecoin supply and transaction volumes, including $55 trillion in total stablecoin transfers and expanding use cases across cross-border payments and emerging AI-driven machine-to-machine transactions.