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

By Telemac

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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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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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