According to Bernstein analysts, the USDC stablecoin is poised for substantial expansion, with projections indicating its supply could triple by the close of 2027. This growth is anticipated to allow USDC to command one-third of the total stablecoin market. The catalysts identified include Circle's robust regulatory compliance, its established lead in liquidity, and strategic partnerships with major exchanges like Coinbase and Binance, all contributing to its strong market position.

In other news, Metaplanet, a firm known for its significant Bitcoin investments, has seen its enterprise value fall below that of its Bitcoin holdings for the first time. This development, where Metaplanet's mNAV metric dropped below 1, suggests that the market is currently valuing the company's core operations and non-Bitcoin assets at less than its accumulated Bitcoin, highlighting potential re-evaluation of its overall financial structure by investors.