Bernstein doubles down on $USDC issuer Circle — $140 PT still stands (~60% upside from current levels).
Their thesis? Circle's growth cycle doesn't need the CLARITY Act to print. Stablecoin dominance + institutional adoption already carrying momentum.
Regulatory tailwinds = bonus. But the business model works regardless.
If you're not watching Circle's path to liquidity, you're missing a generational stablecoin infrastructure play.
Their thesis? Circle's growth cycle doesn't need the CLARITY Act to print. Stablecoin dominance + institutional adoption already carrying momentum.
Regulatory tailwinds = bonus. But the business model works regardless.
If you're not watching Circle's path to liquidity, you're missing a generational stablecoin infrastructure play.
