PANews June 30 news, according to The Block, analysts at research brokerage firm Bernstein gave Circle an "outperform" rating with a target price of $230. The report said that Circle is building a leading digital dollar stablecoin network, with regulatory, first-mover liquidity and distribution partner advantages. CRCL is a must-hold stock for investors to participate in the new Internet-level financial system in the next decade. Analysts expect the total supply of stablecoins to increase from about $244 billion to $4 trillion in the next decade, driven by "transformative growth" in areas such as cryptocurrencies. The report said that according to the GENIUS Act passed by the U.S. Senate, USDC issued by Circle will become the largest regulated stablecoin, gaining a "regulatory first-mover advantage" and becoming the preferred partner of Internet platforms. Circle has $61.4 billion in liquidity, which is difficult for new entrants to replicate. However, Bernstein predicts that Circle will occupy 30% of the market share in the future, slightly higher than the current 25%.
Bernstein gives Circle an "outperform" rating with a price target of $230
Author: PA一线
This content is for informational purposes only and does not constitute investment advice.





Ethereum's turbulent decade
Ten years have passed since the creation of Ethereum. Where is the "world computer" headed? This special feature will feature selected articles reviewing Ethereum's turbulent decade of rise, challenges, and breakthroughs.

PAData: Web3 in Data
Data analysis and visual communication of industry hot spots help users understand the meaning and opportunities behind each data.

Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights

AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together

Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?

Real-time tracking of Bybit attack
Bybit suffered a security incident, and funds worth $1.44 billion were withdrawn. A North Korean hacker group was accused of being the perpetrator.