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Bernstein: Circle's Growth Doesn't Need the Clarity Act, Still Sees 59% Upside

Analyst firm Bernstein says that even if the Clarity Act fails to pass, Circle can still sustain momentum through rising USDC supply and growing stablecoin transaction volumes, with 59% upside potential for its stock.

Jordan Lin, Deputy Editor
Bernstein: Circle's Growth Doesn't Need the Clarity Act, Still Sees 59% Upside

Circle's stock narrative was once tied to U.S. stablecoin legislation, but Bernstein sees things differently: even if the Clarity Act keeps stalling, Circle's growth trajectory doesn't have to stall with it.

Bernstein's report points to two ongoing trends backing this view — USDC's circulating supply is rebounding, and overall stablecoin transaction volumes keep expanding. In other words, the engine driving Circle's revenue is real market demand for USDC itself, not a bill waiting to be signed off in Washington.

Based on this view, Bernstein assesses that Circle's stock still has 59% upside potential, shifting the focus of the growth story from the legislative timeline back to USDC's on-chain circulation data.

No further public details on Bernstein's specific price target or financial forecasts have been released yet.

Tags#Bernstein#Circle#USDC#Clarity Act#穩定幣

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