Svmuu News Bernstein analysts reiterated their bullish view on stablecoin issuer Circle in a report released on Tuesday, maintaining an "Outperform" rating with a target price of $190. This implies approximately 70% upside potential from Monday's closing price. The analysts believe that stablecoins are increasingly decoupling from the broader cryptocurrency market cycle, with stablecoin adoption showing resilience even during periods of crypto market volatility. Although USDC's supply briefly declined following liquidity events in October and the overall market adjustment, it has since rebounded to a circulating supply of about $78 billion, reaching a new high, while Bitcoin's trading price remains significantly below its previous peak. Meanwhile, Tether's USDT supply stands at approximately $184 billion. (The Block)