Bernstein: Circle's Stock Price Still Has 60% Upside Potential, Driven by Stablecoin Adoption and AI Finance

According to a recent report from investment firm Bernstein, driven by increased stablecoin adoption and the development of AI Agentic Finance, the stock price of USDC issuer Circle (CRCL) is expected to reach $190. This implies a potential upside of approximately 60% from its current level, which has already doubled over the past few weeks.

Bernstein analysts noted that stablecoin adoption is gradually decoupling from cryptocurrency market cycles. Despite market volatility, the supply of USDC remains near its all-time high of $78 billion. The report emphasizes that stablecoins are beginning to transcend their role as mere tools for crypto trading, showing strong performance in the digital payments space, particularly through integrations with traditional card networks like Visa and the application of the Circle Payments Network in cross-border settlements. Furthermore, with the growing demand for AI agents to conduct online transactions, stablecoins are poised to become core infrastructure for machine-to-machine micropayments. To this end, Circle is developing a high-performance payment blockchain named Arc to support fast, low-cost transactions. (CoinDesk)