Gate News reports that on March 10th, Bernstein analysts released a research report reaffirming their bullish outlook on stablecoin issuer Circle, maintaining a “market outperform” rating with a target price of $190, approximately 70% higher than Monday’s closing price. The analysts pointed out that stablecoins are increasingly decoupling from the broader cryptocurrency market cycle, with their adoption remaining resilient even during market volatility. Although USDC supply briefly declined following liquidity events in October and overall market adjustments, it has since rebounded to approximately $78 billion in circulation, reaching a new high, while Bitcoin’s trading price remains well below its previous peak. Meanwhile, the stablecoin supply of a certain issuer is around $184 billion.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
