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Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat https://www.coindesk.com/busin....ess/2026/07/14/mizuh #kripto #crypto #coindesk

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

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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