Circle USDC Growth & Arc Launch Support $230 Price Target

Published: 2025-11-13 12:03:46 |

Bernstein maintains a $230 price target on Circle, citing its deep USDC liquidity and robust payment infrastructure. USDC circulation rose 90% year-on-year to $61.3 billion in Q2 and reached $65.2 billion by August 10. Q3 revenue of $740 million exceeded forecasts, building on Q2’s $658 million (+53%) despite a $482 million net loss from IPO costs. Traders should watch USDC liquidity trends and the upcoming Arc Layer 1 blockchain testnet—using USDC as native gas—as indicators of future growth potential.

Bullish

Strong Q3 revenue outperformance and rapid USDC circulation growth reinforce market confidence, creating upward price pressure. The planned Arc testnet launch signals expanding utility and adoption, while USDC’s deep liquidity pools and exchange support generate robust network effects that deter competitors. In the short term, traders may see sustained demand and stability in USDC, and in the long term, regulatory compliance and infrastructure expansion underpin continued bullish sentiment.