Circle’s USDC Market Share ‘On A Tear,’ Says Wall Street Broker Bernstein

USDC Suppply Has Surged to $ 72.5 Billion, 25% AHEAD OF BERNTEIN’S 2025 ESTIMATES. Sep 8, 2025, 5:27 PM

Hyperliquid is Planning to Launch ITS OWN Stablecoin, In a Move that Couldu Reduce The Decentralized Exchange’s (Dex) Dependency on Circle’s USDC.

In spite of these fears, USDC Supple have been Surged to $ 72.5 Billion, Running 25% AHEAD OF Wall Street Broker Bernstein’s 2025 Estimates. The FIRM HAD PREDICTED THAT The Stablecoin’s Supple would Reach $ 74 Billion by Year-End.

The Stablecoin’s Market Share is “on a Tear,” Wrote Analysts Led by Gautam Chhugani in a Tuesday Report.

Market Share Relative to Tether, Issuer of the World’s Largest Stablecoin USDT, HAS ALSO GROWN TO 30%, UP from 28% in the Second Quarter, The Broker SAID.

Stablecoins are cryptocurrencies whose valve is tied to anOTHER asset, Such as the US dollar or Gold. They Play A Major Role in Cryptocurrency Markets, Providing Among of Things A Payment Infrastructure, and Are Also Used to Transfer Money International.

The Report Noted that $ 5.5 Billion in USDC (About 7.5% Of Supple) is Currently Used As Collalateral on Hyperliquid. While The Exchange’s Move Introduces Competition, It Will Be Challenging To Bootstrap Sufficient for A New Stablecoin in Derivatives Markets Where Execution of ReLIATION RELIATION AND SIRITY

Bernstein Said that Following the Genius Act, New Stablecoin Entrants Are Invitable. However, Liquidity Bootstrapping for Derivatives is non-tour.

Conceerns about circle’s exposure to rate cuts (Since Lower Interest Income Could Impact Revenues) Miss The Bigger Picture, Accounting to Bersestin Analysts, As The StableCoin Issoin Issoin Supple.

Rate Cuts Could Even Support Risk-on Sentiment in Digital Assets, Spurring Further Demand for USDC and Related Yield Strategies, The Report Added.

Bernstein have an outperform rating on Circle Shares, with A $ 230 Price Target. The Stock Was Trading 1.2% Higher, AROUND $ 116, AT PUBLICATION TIME.

Read More: Circle Unveils Layer-1 Blockchain Arc, Reports $ 428 Million Q2 Loss

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