Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat

Source: CoinDesk | Summary by ChikoCorp|

about 4 hours ago

|1 min read

Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat

AI-assisted summary based on the linked source. Verify market-moving details at the original publisher before acting.

The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to distributors.

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Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat

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