Analysts at research and brokerage firm Bernstein said Circle is likely to become the dominant stablecoin network, and they reiterated their target price of $230 for the company's shares-which could rise by 40% from current levels, the Internet reported. "Our long-term argument for Circle is that the most liquid and regulated stablecoins will become the dominant stablecoin network," a team of analysts led by Gautam Chhugani said in a report to clients on Wednesday after the release of second-quarter financial results on Tuesday.