BroadChain has learned that according to a March 11 report from CoinDesk, analysts at Bernstein project that Circle (CRCL), the issuer of USDC, could see its stock price climb to $190. This forecast is driven by increasing stablecoin adoption and the growth of Agentic Finance, representing a potential upside of roughly 60% following a doubling of its value in recent weeks.
Bernstein analysts observed that the adoption of stablecoins is increasingly moving independently of the broader crypto market cycle.
Despite ongoing market volatility, USDC's circulating supply remains close to its all-time high of nearly $7.8 billion.
The report highlights that stablecoins are expanding beyond purely crypto-native transactions, showing robust utility in digital payments. This is particularly evident through integrations with traditional card networks like Visa and via Circle's own Payments Network for cross-border settlements.
Furthermore, as demand grows for AI agents to execute online transactions, stablecoins are positioned to become essential infrastructure for machine-to-machine micropayments.
In response to this trend, Circle is developing Arc, a high-performance payment blockchain designed to facilitate fast, low-cost transactions.