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

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Finance, Circle, Stablecoins, News 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. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

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