The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to distributors.
- Mizuho downgraded Circle to underperform from neutral and cut its price target to $50 from $85, citing mounting competitive pressure from OpenUSD.
- The bank said OpenUSD's pass-through model could force Circle to share more reserve income with distribution partners, compressing margins.
- The Japanese firm cut its Circle 2027 adjusted EBITDA forecast to $699 million, about 25% below Wall Street consensus, and warned an upcoming Coinbase revenue-sharing renewal could add pressure.
- 1 Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends 4 hours ago
- 2 Block's new voice AI sounds eerily human, sparking awe and scam fears 5 hours ago
- 3 Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations 5 hours ago
- 4 Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker 5 hours ago
- 5 Argentina drops criminal probe into President Milei over crashed memecoin LIBRA 6 hours ago
- 6 Wells Fargo, Cisco, Marvell among latest firms objecting to OKXICE's tokenized stock plan 6 hours ago
- 7 Bitcoin’s wealthy holders turning to loans and yield as investment habits mature: Xapo CEO 6 hours ago
- 8 U.S. Clarity Act failure gives Asia and Middle East a competitive edge, says Apex Group CEO 8 hours ago
- 9 Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet 16 hours ago
- 10 Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports 1 day ago
Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker
Argentina drops criminal probe into President Milei over crashed memecoin LIBRA
Original sourceCoinDesk
The original source remains the canonical version for attribution, rights, and later updates.
Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
← Back to latest