The Zhitong Finance App learned that Circle (CRCL.US) rose more than 7% to $67.94 on Friday. According to the news, Bernstein reiterated Circle's “excellent performance” rating with a target price of $140, believing that the market has underestimated the long-term revenue potential contained in its Arc blockchain project and regulatory first-mover advantage.

According to financial reports, Circle made a major breakthrough at the regulatory level, obtained approval from the US Monetary Authority to establish the Circle National Trust Bank, became one of the first stablecoin issuers to obtain a Commonwealth Bank license, and also obtained trust company qualification from the New York Financial Services Authority.

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