Crypto
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
📋 Article Summary
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The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to distributors. The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to distributors. Read the full story on CoinDesk via the link below.
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