Bernstein maintains its outperform rating for Circle with a target price of $140, representing approximately 59% upside from last Friday's closing price. Bernstein believes that even if the CLARITY Act fails to pass in September, Circle's growth cycle will remain uninterrupted, driven primarily by stablecoin payments, on-chain capital markets, tokenization, and AI Agent payments. Over the past week, USDC supply increased by approximately $1.7 billion, ending nearly six months of stagnation. Bernstein also stated that after excluding bots and high-frequency trading, stablecoin transaction volume in 2025 is estimated to reach around $11 trillion, while the annualized scale as of July this year has risen to approximately $17 trillion, reflecting a year-over-year growth of about 60%. (The Block) https://(wublock123.com)/news/bernstein-maintains-outperform-rating-for-circle-140-target-67099