Circle Stock Falls 7% as Mizuho Flags AI Threat to USDC Stablecoin

TLDR Mizuho cut its price target on Circle to $43 from $45 and kept an Underperform rating. The bank sees a 10% to 20% medium-term risk to Circle’s reserve revenue from AI agents. AI agents may steer USDC holders toward higher-yielding fiat products or other platforms. Faster AI adoption could shrink USDC’s market cap by [...]

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