Bernstein Assigns "Outperform" Rating to Exchange, Sets Target Price at $230

According to a report by Jinse Finance, Bernstein analysts have initiated coverage of stablecoin issuer Circle for the first time, assigning it an "Outperform" rating with a target price of $230. The analysts anticipate that stablecoins will evolve from serving as payment rails within the crypto market to becoming the foundational payment infrastructure for the entire internet, with total supply projected to increase sixteenfold from the current $244 billion to $4 trillion over the next decade. This growth is expected to be driven by transformative developments in crypto and tokenized capital markets, payment systems, and native stablecoin financial services.
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