# Circle is the issuer of the second biggest stablecoin.

*fintech · news · 2026-05-05 · CNBC*

## Key points

- Wells Fargo raised its price target for Circle to $142, implying 24% upside.
- The CLARITY Act now allows stablecoin rewards tied to usage, not passive interest.
- Circle's USDC is evolving to support broader financial operations beyond just reserve income.
- Wells Fargo believes the market underestimates Circle's foundational role in financial infrastructure.

**Companies:** Circle, Wells Fargo
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/05/05/circle-is-an-underappreciated-winner-in-the-increasingly-sober-crypto-sector-wells-fargo-says.html)

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