Odaily Planet Daily reports that the stablecoin issuer Circle’s stock price once rose above $90, reaching a new high since November last year, before falling back to around $87. Previously, the company’s Q4 earnings exceeded market expectations, driving the stock price up approximately 30% after the earnings release.
Bernstein analyst maintains a “buy outperform” rating on Circle and sets a target price of $190, believing that the company’s performance indicates a growth trend that has shown “significant divergence from the crypto market.” The report notes that Circle’s expansion in infrastructure is generating higher-margin new revenue streams, rather than relying solely on stablecoin reserve earnings.
The analyst states that Circle’s trading-related income continues to grow, including blockchain rewards earned as a super validator on the Canton network. Meanwhile, the proportion of USDC directly held on the Circle platform has increased to 17% of the total supply, up from 14% in the previous quarter. The company expects USDC circulation to maintain an annual growth rate of about 40%, and anticipates that other business revenues, excluding reserve income, will reach approximately $170 million by 2026, up from about $110 million in 2025.
Bernstein is also optimistic about Circle’s expansion into new product areas, including the Arc platform, Circle Payments Network, and “automated payment” capabilities for AI agents.
Meanwhile, Mizuho analysts point out that as stablecoins are increasingly used in new scenarios such as prediction markets, for example on the Polymarket platform, Circle’s revenue structure is expected to become more diversified. Overall, market attention is gradually shifting to whether Circle can establish a more balanced revenue source structure amid the expansion of the stablecoin ecosystem.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle Expands USDC Payouts to Singapore Partners
Circle launched USDC payout services in Singapore, enabling automated cross-border payments for fintechs and enterprises.
Payouts API reduces manual processes, improves transparency, and supports high-volume stablecoin transactions.
Expansion aligns with regulations, offering compliant in
CryptoFrontNews3h ago
Crypto Card Volume Hits $600M as USDC Narrows Gap with USDT
Crypto‑linked debit and prepaid card monthly transaction volume reached $600 million in March 2026, more than tripling from $187 million a year earlier, according to data from The Block.
CryptopulseElite7h ago
Circle launches a CPN managed payment solution, providing stablecoin settlement services to traditional financial institutions
Circle launched the Circle Payments Network (CPN) managed payment solution on April 8 to provide stablecoin settlement services for financial institutions, simplify fiat interactions, and handle crypto operations. The first set of partners includes Thunes and Worldline, and monthly trading volume for USDC has already surpassed USDT.
GateNews8h ago
600M per month! Crypto card transaction volume up 3x year over year, with USDC catching up to USDT
In March, cryptocurrency card transaction volumes reached $600 million, up more than threefold year over year, indicating its growing adoption in digital payments. The market share of USDT has gradually been shrinking, while USDC continues to rise in regulated markets such as North America and Europe. Tether plans to launch a U.S. compliant stablecoin to counter USDC’s expansion; going forward, the market landscape will keep changing.
MarketWhisper9h ago
Circle Mints $1 Billion USDC on Solana as On-Chain Dollar Demand Grows
Circle's recent $1 billion USDC mint on Solana indicates rising demand for stablecoins, highlighting Solana's growth in on-chain financial activities. This event suggests increased liquidity and a shift towards digital dollars in crypto markets.
CryptometerIo20h ago
