Mizuho cuts Circle price target to $43, sees reserve income at risk from AI steering savers from USDC

Mizuho cut its price target on Circle (CRCL) to $43, citing a test finding AI assistants steer savers from USDC to higher-yielding insured bank accounts, with 10% to 20% of reserve income at risk. CRCL fell 6% to $81.

Detected & updated continuously · Source: Nebula