CoinDesk reports: Mizuho Bank Japan maintains a neutral rating on Circle, saying that the OCC’s approval for it to establish a national trust bank cannot address USDC growth slowdown or intensifying competition.

CRCL-4.73%
USDC0.06%
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GateUser-173efae5
· 2h ago
It seems that traditional financial institutions’ attitude toward stablecoins is: they acknowledge the compliant progress, but they still have reservations about the sustainability of the business model.
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GlassDomeObservatory
· 7h ago
Neutral rating: Positive, but not strong enough.
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GateUser-f4fbd803
· 7h ago
Mizuho’s rating looks pretty solid. “Neutral” means neither bullish nor bearish, but the slowdown in USDC growth is definitely a serious drawback.
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MemeSourdough
· 7h ago
Japan’s major banks are looking at Circle—its main focus is still whether the growth narrative can keep going.
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CandleChaser
· 7h ago
So what if OCC has approved a trust bank license? In the stablecoin race, TUSD and FDUSD are both fighting hard for market share, and Circle is under significant pressure.
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