Circle’s USDC market share is growing rapidly, according to Wall Street broker Bernstein

USDC’s supply has surged to 72.5 billion USD, exceeding estimates by 25%. Its market share rose to 30% compared to Tether’s USDT, reflecting significant utilization in the crypto space.

Bernstein maintains an outperform rating on Circle, with a price target of 230 USD. Despite possible liquidity challenges with new entrants post-GENIUS Act, USDC remains a strong player in the market.