The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to distributors.
from CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/rPYD3oR
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Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
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