TLDR Tech / Crypto
Circle's growth cycle can continue without the Clarity Act
Bernstein reiterated Outperform and a $140 price target (59% upside from Friday's $87.98 close) after USDC supply added $1.7 billion in a week following nearly six months of sideways decline. Analysts argue Circle's growth is independent of Clarity Act passage, driven instead by a macro regime shift favoring stablecoins, tokenization, and stablecoin payment adoption. Circle holds ~80% of DEX trading/finance volume, and its Agent Stack (launched May) now hosts 900+ paid services with 99% of x402 agent-payment volume settling in USDC.
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