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

CoinDesk 2026-07-13 16:34:48
Context: Japanese investment bank Mizuho has maintained a neutral rating on Circle, a company behind the USDC stablecoin, after the Office of the Comptroller of the Currency (OCC) approved Circle's application to become a national trust bank. This development has not alleviated concerns about slowing growth of USDC or increasing competition in the stablecoin market.

Key Facts

  • Mizuho, a Japanese investment bank, has reiterated its neutral rating on Circle, indicating that the OCC's approval for a national trust bank does not address the company's challenges.
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