[Bernstein: Circle's stock has 70% upside potential] Odaily Planet Daily News - Bernstein analysts reiterated their bullish stance on stablecoin issuer Circle in a report released on Tuesday, maintaining an 'Outperform' rating with a target price of $190, which implies approximately 70% upside from Monday's closing price. Analysts believe that stablecoins are becoming increasingly decoupled from the broader cryptocurrency market cycles, maintaining resilience in adoption even during periods of cryptocurrency market volatility. Although USDC supply briefly declined following the liquidity event and overall market adjustment in October, it has since rebounded to a circulation of approximately $78 billion, hitting a new high, while Bitcoin's trading price remains far below its previous peak. Meanwhile, Tether's USDT supply stands at approximately $184 billion. (The Block)