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Home›Crypto›Market Structure›Analysts grow cautious on Circle as USDC economics fac…

Analysts grow cautious on Circle as USDC economics face pressure

Mizuho downgraded Circle and JPMorgan cut earnings estimates, citing mounting concerns about USDC's economics.

Reported · Written up by our desk · Market Structure

Analysts have turned more cautious on Circle, with broker notes pointing to growing pressure on the economics behind its USDC stablecoin, The Block reports.

The Block says Mizuho downgraded Circle, while JPMorgan lowered its earnings estimates, both tied to concerns that USDC is coming under additional strain.

The changes reflect an emerging risk focus on stablecoin economics, where analysts are scrutinizing how ongoing pressure could affect future financial performance for the issuer.

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Sources

The BlockWall Street turns cautious on Circle as analysts warn USDC economics face mounting pressure

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