Summary
- Bernstein said it assigned an Outperform rating to the stablecoin issuer Circle.
- It said the current USDC supply is $72.5 billion, about 25% above Bernstein's 2025 projection.
- Bernstein projected the USDC supply would reach $74 billion by year-end.
On the 8th (local time), according to crypto-focused media The Block, Wall Street securities firm Bernstein(Bernstein) gave the stablecoin issuer Circle(Circle) an Outperform rating and set a price target of $230.
Bernstein explained in the report that the USDC supply currently stands at $72.5 billion, which is about 25% higher than its 2025 estimate. It further projected the supply would reach $74 billion by the end of the year.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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