Seaport Securities initiated coverage of Circle with a Buy rating based on its dominant position in the $2 trillion stablecoin opportunity. Analysts highlighted Circle’s USDC as the most compliant dollar-pegged stablecoin, positioning it to capture institutional adoption as regulatory frameworks mature. The $235 price target reflects expectations of exponential growth in real-world asset tokenization.
The rating acknowledges Circle’s expanding enterprise partnerships and cross-border payment solutions. Unlike algorithmic stablecoins, USDC’s full reserve model provides stability that traditional finance institutions demand. This trust advantage becomes increasingly valuable amid regulatory scrutiny of the stablecoin sector.
Seaport’s bullish outlook also incorporates Circle’s potential to monetize blockchain-based treasury services. As corporations adopt crypto treasuries, USDC’s infrastructure could generate recurring revenue streams beyond transaction fees, justifying the premium valuation.
