Mizuho warns Circle faces USDC decline and Open USD threat despite OCC approval
Covered by 2 sources · 2 articles
2 outlets - including Crypto and Coin-turk - are covering this story. Mizuho cuts Circle's price target to $50 as Open USD's shared-yield model raises pressure on USDC margins, partner costs and 2027 earnings.
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Mizuho cuts Circle price target to $50 on Open USD margin threat
Mizuho cuts Circle's price target to $50 as Open USD's shared-yield model raises pressure on USDC margins, partner costs and 2027 earnings.
Mizuho warns Circle faces USDC decline and Open USD threat despite OCC approval
🚨 Mizuho warns that OCC approval doesn't fix $USDC growth slowdown or new threats. 📉 Circle's USDC supply fell by $7 billion since March, worrying investors. 🏦 Open USD, backed by major firms, joins the stablecoin market and heats up com…