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

Crypto

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

cryptovert July 15, 2026 1 min read

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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