CoinVoice latest news reports that Bernstein analysts led by Gautam Chhugani stated that despite investor concerns about rival Tether potentially entering the U.S. market, as well as new stablecoin competition and interest rate pressures, more liquid and tightly regulated stablecoins will become the dominant stablecoin network, and Circle's USDC will ultimately prevail. Therefore, they reaffirmed a target price of $230 for the company's stock, an increase of 40% from current levels.
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CoinVoice latest news reports that Bernstein analysts led by Gautam Chhugani stated that despite investor concerns about rival Tether potentially entering the U.S. market, as well as new stablecoin competition and interest rate pressures, more liquid and tightly regulated stablecoins will become the dominant stablecoin network, and Circle's USDC will ultimately prevail. Therefore, they reaffirmed a target price of $230 for the company's stock, an increase of 40% from current levels.