Bernstein reiterated that Circle outperforms the market, saying OpenUSD will not be able to challenge Circle in the short term

According to TheBlock, Bernstein reiterated in a report released on Wednesday that Circle's superior rating and maintained its $190 price target, a potential increase of approximately 203%.<br /> Analysts believe that although OpenUSD shows that stablecoin tracks are widely recognized, it is difficult to challenge Circle's network effects and liquidity advantages in the short term. Circle's USDC's trading volume reached US$5.3 trillion in the first half of 2026, a significant year-on-year increase. Its trading volume share has increased from approximately 40% in 2025 to approximately 60% currently.<br /> At the same time, Bernstein also maintained its outperforming rating on Coinbase with a target price of $330.