TechFlow news, June 30 — According to The Block, investment bank Bernstein has initiated coverage on Circle, assigning it an "Outperform" rating and describing it as the "internet dollar network for the next decade," with a target price of $230.
Analysts expect the stablecoin market to grow from its current size of approximately $244 billion to $4 trillion over the next decade. As the issuer of the USDC stablecoin, Circle is viewed by Bernstein as a key beneficiary of this growth trend.
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