According to a recent report by investment firm Bernstein, driven by increased stablecoin adoption and the development of AI-powered agentic finance, the share price of USDC issuer Circle (CRCL) is poised to reach $190, implying a potential upside of approximately 60% after doubling in price over the past few weeks. Bernstein analysts point out that stablecoin adoption is gradually decoupling from the crypto market cycle. Despite market volatility, USDC's supply remains near its all-time high of $7.8 billion. The report emphasizes that stablecoins have begun to transcend mere crypto transaction uses, demonstrating strong performance in digital payments, particularly through integration with traditional card organizations like Visa and the application of the Circle Payments Network in cross-border settlements. Furthermore, with the increasing demand for online transactions by AI agents, stablecoins are expected to become a core infrastructure for machine-to-machine micropayments. To this end, Circle is developing a high-performance payment blockchain called Arc to support fast, low-cost transactions. (CoinDesk)