OpenUSD Threatens Circle’s Profits | Bitcoin and Crypto News

Mizuho downgrades Circle to underperform, slashing its price target from $85 to $50, citing OpenUSD as the main threat — this new rival funnels more revenue back to distributors, undercutting Circle’s margins. With Coinbase, also involved in OpenUSD, poised to renegotiate its partnership, Circle faces even steeper pressure. Mizuho now expects higher costs and slashed earnings — 25% below other analysts’ forecasts — suggesting Circle’s future profits are in serious jeopardy, even as interest rates climb. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3eac78e575804e31