Mizuho raised Circle’s price target to $120. The move follows USDC overtaking USDT to claim the top share of trading volume among stablecoins. Analysts note that USDC’s liquidity and regulatory alignment have supported higher trading volumes relative to rivals, which could bolster Circle’s business prospects.
The development points to broader demand for regulated, USD-backed stablecoins and may influence sentiment around Circle and related issuers. Market participants will continue to monitor movements in stablecoin usage and regulatory developments as the sector evolves. The price-target adjustment signals ongoing institutional interest in stablecoin dynamics and related market opportunities.
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