Circle’s shares fell sharply—over a fifth of their value—when the company’s new stablecoin, OUSD, hit the market. The drop was a clear reaction to the fresh competition in the stablecoin arena, but the reaction may have been a bit overblown. Bernstein, a long‑time analyst on Circle, has not only kept its “Outperform” rating but also raised its target price to $190, implying a potential upside of roughly 203 % from the current level.
Why does this matter for everyday crypto users? Stablecoins are the bridge between fiat and digital assets, and Circle has been a major player in that space with its USDC. A new rival could dilute Circle’s market share, but the firm’s broader ecosystem—bank