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Mizuho turns bearish on stablecoin issuer Circle, citing Open USD competition
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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coindesk.com
Circle's (CRCL) OCC approval fails to ease core concerns, Mizuho says
Japanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn't address slowing USDC growth or rising competition.
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Mizuho turns bearish on stablecoin issuer Circle, citing Open USD competition
The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to distributors.
