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Morning Edition · Tuesday, July 14, 2026Published at 1:28 AM EDT · New York
Mizuho Says Circle's Trust-Bank Approval Does Not Fix Slowing USDC Growth
The Japanese bank kept a neutral rating, warning that a national trust charter leaves USD Coin exposed to intensifying stablecoin competition.
Mizuho reiterated a neutral rating on Circle, the issuer of USD Coin, arguing that approval from the Office of the Comptroller of the Currency for a national trust bank does not address the two problems that matter most, slowing growth of U…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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