CoinVoice has learned that Bernstein analysts led by Gautam Chhugani state that despite investors' concerns about competitor Tether potentially entering the U.S. market, as well as new stablecoin competition and interest rate pressures, more liquid and strictly regulated stablecoins will become the dominant stablecoin network, with Circle's USDC ultimately prevailing. Therefore, they reaffirm their price target of $230 for the company's stock, which is a 40% increase from current levels. [Original link]