TREE NEWS update: Bernstein analysts highlight a new growth cycle for USDC, with supply rising by $2 billion in a week due to higher transaction activity. They set a $140 price target for Circle, citing factors that could support further expansion.
Bernstein sees new USDC growth cycle, sets $140 Circle price target
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AI take
Bernstein's framing matters less for the price target than for the demand thesis behind it: USDC supply expanding on transaction activity suggests stablecoin usage is being driven by payments and settlement flows rather than passive holding, which is the more durable kind of growth for an issuer. The read-across extends to tokenized treasury products and other regulated dollar instruments that compete for the same float. Whether the weekly supply increase reflects a one-off burst or a sustained shift in on-chain activity is the open question.
Generated by AI for reference only.
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