Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks
CoinDesk·Jul 13, 2026·2 sources·neutral
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Mizuho maintains neutral rating on Circle, noting OCC approval does not address USDC growth slowdown or competitive threats.
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Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks
CoinDesk
Jul 13, 2026
THE BLOCK: Mizuho analysts say Circle's OCC approval to launch a national trust bank isn't a cure-all. USDC's shrinking market cap and mounting competition from Open USD are still weighing on $CRCL stock. https://t.co/K03rjqqPvq
@theblockco
Jul 13, 2026