Bernstein gives Circle an "outperform" rating with a target price of $230
According to online reports, Bernstein analysts covered stablecoin issuer Circle for the first time, giving it an "outperform" rating and setting a target price of US$230. Analysts expect stablecoins to be upgraded from the crypto-market payment track to the entire Internet's payment infrastructure, with total supply increasing 16-fold from the current US$244 billion to US$4 trillion in ten years. This growth will stem from the "transformative development" of crypto and tokenized capital markets, payment systems and stablecoin-native financial services.
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