Wall Street Cuts Circle (CRCL) to $50: The Open USD Stablecoin Threat
Covered by 2 sources · 2 articles
2 outlets - including Cryptodaily and Cryptotimes - are covering this story. Mizuho downgrade to $50 flags Open USD’s yield pass-through threat to Circle margins as USDC supply slips to ~$73B. What could change next.
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Circle's Open USD Threat: Why Yield Pass-Through Could Pressure CRCL Margins
Mizuho downgrade to $50 flags Open USD’s yield pass-through threat to Circle margins as USDC supply slips to ~$73B. What could change next.
Wall Street Cuts Circle (CRCL) to $50: The Open USD Stablecoin Threat
Japanese financial giant Mizuho Securities downgraded Circle Internet Group ($CRCL) from Neutral to Underperform, cutting its price target by 41% to $50 per share.