USDC Supply Grows by $2 Billion as Bernstein Sets $140 Target for Circle

According to CoinTelegraph, the supply of USDC has expanded by approximately $2 billion over the past seven days. This notable increase highlights growing demand or issuance in the stablecoin market.

In a related development, Bernstein has set a price target of $140 for Circle, the company behind USDC. This valuation reflects positive sentiment towards Circle’s prospects amid expanding stablecoin adoption.

For Japanese investors, these movements underline the continuing integration of stablecoins like USDC into global markets, impacting FX and crypto strategies amid growing regulatory attention in Japan.