Bernstein sees new USDC growth cycle, sets $140 Circle price target
USDC supply increased by roughly $2 billion in seven days, with Bernstein citing higher transaction activity and several factors that could support further growth.
Bernstein analysts are optimistic about the upcoming growth cycle for Circle's USDC stablecoin, predicting a potential 60% upside from current levels. The company's USDC supply surged by approximately $2 billion within a week, marking the end of a six-month period of stagnation. Bernstein maintains an Outperform rating on Circle (CRCL) and sets a price target of $140 per share.
The firm attributes this positive outlook to factors such as renewed crypto market momentum, increased regulatory clarity in the United States, tokenized capital markets, and growing adoption of stablecoins for payments. While USDC remains the second-largest dollar-backed stablecoin by market capitalization, it has seen a significant rise in transaction activity, accounting for over 60% of adjusted stablecoin transaction volume so far in 2026, compared to USDt's 40%.
Stablecoin transaction volume has seen substantial growth this year. Circle shares have experienced volatility since the company went public in June 2025, reaching a high of $31 during its initial public offering, but currently trading around $132.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
