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Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks

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Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks

Japanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn't address slowing USDC growth or rising competition.

Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks

Source：CoinDesk

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Source：https://www.coindesk.com/business/2026/07/13/mizuho-says-circle-bank-approval-doesn-t-solve-usdc-growth-stablecoin-competition-risks