Coin Bureau news: Mizuho downgraded Circle’s rating to Underperform and cut its target price to $50. The reason is that Open USD’s revenue transfer model will shift more reserve income to distributors, thereby putting pressure on Circle’s profit margins.

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Stop-LossLineForTheEveningGlow
· 2h ago
It feels like the stablecoin war has only just started, and everyone is racing to grab distribution networks.
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PositionLikeACat
· 2h ago
Traditional financial rating agencies are starting to turn bearish on the stablecoin sector, and this current wave of pressure on Circle is significant.
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GlassDomeRoaming
· 2h ago
Mizuho’s ratings have always been on the conservative side, but this time the logic does make sense.
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GateUser-8df0eb2b
· 3h ago
If Circle’s profit margin continues to decline, its IPO valuation may need to be reappraised.
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APeacockSpreadingItsTailLooks
· 3h ago
The open USD yield distribution model sounds great, but how long can distributor loyalty be sustained?
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