Bernstein maintained an Outperform rating on Circle with a $140 price target, implying roughly 60% upside from current levels. USDC supply increased by approximately $2 billion in seven days, reversing a six-month period of stagnant or declining growth. USDC’s share of adjusted stablecoin transaction volume rose from roughly 40% in 2025 to more than 60% in the first half of 2026, overtaking USDT by that measure. Circle raised approximately $1.1 billion in its June 2025 IPO at $31 per share and reported $701 million in revenue and $48 million in net income in its most recent quarter.
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