Circle and Coinbase are regarded by Bernstein as the best proxies for the rise of stablecoins.

DeepFlowTech · 2026-03-23T10:57:18+00:00

Bernstein analysts point out that Circle and Coinbase's USDC collaboration is an important investment target in the stablecoin market. AI agent machine payments could bring new demand for stablecoins, but current scale remains small. The investment logic for stablecoins primarily relies on growth in cross-border payments and remittances. USDC's supply and transaction volume have reached all-time highs, with the highest market share in transaction volume.

DeepFlowTech

2026-03-23 10:57:18

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Deep Tide TechFlow News, March 23 — According to The Block, Bernstein analysts pointed out that Circle and Coinbase, through their USDC partnership, are the most direct investment targets for current stablecoin market exposure. The analysts believe that AI-powered machine payments (transactions initiated, authorized, and settled autonomously by software) are a potential incremental demand source for stablecoins, but the current scale is still small — Coinbase x402 protocol processed about $25 million in the past 30 days, while Stripe’s machine payment protocol handled only $5,000 in its first week. The core of stablecoin investment logic remains in the continuous expansion of mainstream applications such as cross-border payments, remittances, and new stablecoin banks. USDC supply and trading volume have both hit record highs, with the highest market share in trading volume.

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