Bernstein: Will maintain the target price of $230 for Circle stock

ChainCatcher news, led by Bernstein analyst Gautam Chhugani, indicates that despite investors' concerns about competitor Tether potentially entering the U.S. market, as well as new stablecoin competition and interest rate pressures, more liquid and strictly regulated stablecoins will dominate the stablecoin network, with Circle's USDC ultimately prevailing. Therefore, the target price for the company's stock is reiterated at $230, representing a 40% increase from current levels.