Wall Street grows bullish on Circle as stablecoin regulation and institutional adoption rise.

Major investment banks like Morgan Stanley are increasingly positive on Circle, a leading stablecoin issuer, due to improving regulation and growing institutional use of USDC. Morgan Stanley initiated coverage with an $80 price target, highlighting Circle's enterprise-focused products like the Circle Payment Network, which simplifies fiat settlement of USDC transactions for banks and corporates. The passing of the GENIUS Act in 2025, which restricts yield-like payments on stablecoins, underscores the importance of Circle's strong compliance and regulatory transparency. While competition and regulatory risks remain, Wall Street views Circle as a key player in the evolving stablecoin infrastructure supporting global digital finance.