Bernstein Soc Gen group has recently given a green light to Circle (CRCL) stock, as demand for stablecoin continues to rise rapidly. The firm predicts a stellar 70% upside for CRCL stock based on expectations of a potential stablecoin boom due to the increasing usage of AI and cross-border payment technologies.
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Will CRCL Jump To $190?
Bernstein has issued a significant stock rating for Circle Internet Financial stock, the issuer of the famous USDC stablecoin. The firm believes the rising usage of stablecoins in the domains of AI and blockchain-based transactions can be a gamechanger for the CRCL stock. Moreover, as demand for digital dollars and AI agentic payments continues to evolve, CRCL stock may eventually end up on the high radar, touching $190 in the near future, per Bernstein.
The rising signs of rapid AI evolution are now penetrating deep into the mainstream finance sector. The rise of AI agents and rapid evolution of conducting payments through such agents is one of the core theses of Bernstein, stating how this may popularize the usage of stablecoins at a whole new level, including fueling USDC’s role beyond crypto.
Stablecoins On The Rise
Stablecoins have now become a leading financial tool as demand for blockchain-based transactions continues to intensify. Industry experts such as Binance’s Changpeng Zhao and Coinbase’s Brian Armstrong have both shared a similar stance on AI agents and their ability to independently conduct financial transactions in which stablecoins may end up playing a leading role.
“So you can imagine in the traditional financial world. You and I can go get a credit card or something where we have to be identified as a human. But if you’re an agent trying to get work done. You either have to bug your human every time, like, “Will you approve this purchase?” Or if you want to, increasingly with these agents. You can tell them to go do this overnight or the next hour, week, or whatever, and get work done. They might need to spin up AWS resource. Or get through a paywall on the internet to read some research paper. Buy a domain name or whatever, or spin up a marketing program. If you really want to treat them almost like their own digital employees. They need to have a corporate card kind of thing. Traditional corporate cards can’t be issued to non-human entities. And so we’re giving them stablecoin wallets. They’re doing a lot of machine-to-machine payments.
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