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Bernstein Sees USDC Recovering to $140 Amid Market Volatility

Guavy AI Editorial Team
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USDC
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Bernstein has expressed optimism about the recovery of USDC, maintaining its target price for Circle at $140.

The analyst's positive view on USDC is based on the stablecoin's performance during periods of market volatility. In times of crisis, investors tend to flock to assets with low risk and high liquidity, such as USDC, which is pegged 1:1 to the US dollar.

This behavior contributes to a higher demand for USDC, causing its price to increase. Bernstein believes that this trend will continue in the future, leading to a recovery of the stablecoin's value.

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