Circle’s final approval from the Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank was viewed positively by Mizuho, but the company’s shares fell 4.7% to $63.03 on Monday.
According to NS3.AI, Mizuho said USDC’s market capitalization has declined since March 2026, highlighting a potential headwind for Circle’s stablecoin business.
Mizuho also cautioned that Open USD could intensify competition in the stablecoin market and increase pressure on Circle’s operations.
Circle Shares Fall 4.7% Despite Mizuho Calling OCC Approval for Digital Currency Bank a Positive
2026-07-13 16:46:08
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