The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to distributors.
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
Coin Desk - 14 Jul 2026 16:59
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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