Bernstein analyst forecasts Circle can maintain growth momentum independent of Clarity Act passage, citing USDC supply recovery and expanding stablecoin volumes.
DeFi & Yields ·
A Bernstein analyst has projected that Circle can sustain its growth trajectory even without passage of the Clarity Act, while assigning a 59% upside target to the company. The assessment reflects confidence in the company's near-term fundamentals independent of pending legislation that has been viewed by some as potentially beneficial to stablecoin operators.
The optimism centers on two operational dynamics: USDC supply has begun recovering after earlier contraction, and stablecoin trading volumes are continuing to expand. Together, these trends suggest the company can grow its business without regulatory tailwinds from the Clarity Act framework.
It remains unclear what specific timeframe or market conditions the analyst is modeling for the 59% projection, or how Circle's growth would compare under a scenario where the Clarity Act passes versus one where it does not.