According to Odaily Planet Daily, Bernstein analysts reiterated their $230 price target for Circle (CRCL), stating that the USDC stablecoin issuer is expected to maintain growth and refusing to worry about a short-term impact from Hyperliquid's stablecoin. Approximately 7.5% of USDC is used as collateral for Hyperliquid's perpetual contract platform, raising concerns that its own stablecoin, USDH, could divert demand. Bernstein noted that building liquidity for new stablecoins is difficult and the impact will be gradual. Circle CEO Jeremy Allaire stated that USDC will be deployed on the HyperEVM, emphasizing long-term investment in the ecosystem. Analysts also expect demand for USDC to rise with the start of a cycle of interest rate cuts and the deepening integration of payments and financial services. USDC currently holds a 30% market share, up from 28% in the second quarter.