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…
Continue the Crypto Intelligence Brief
Track on-chain flows, protocol shifts, stablecoins, and regulation.
- 5 crypto intelligence signals a day
- Tracked crypto trends, day over day
- Stablecoin and regulatory movement
- Source-grounded analysis with confidence labels
The Global Intelligence Brief stays free.
Part of a tracked trend
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.
More from this edition
- Zeroed Oracle Signature Drains $9 Million From Hedera Lender Bonzo Lend
- Privacy Chains Reframe Confidential Execution as a Requirement for Serious On-Chain Use
- Trump Presses Senate to Pass CLARITY Act Before August Recess as Ethics Fight Persists
- Stablecoins Settled a Record $1.79 Trillion in June Even as Circulating Supply Contracted
- Honeypot Tokens Vanish From Robinhood Chain Wallets as Weekly Exploit Losses Mount
- U.S. Government Sends $297 Million in Seized Bitcoin and Ether to Coinbase Prime
- Justice Department Moves to Drop $722 Million BitClub Fraud Case Before Trial
- Bitcoin Falls to About $62,400 as Traders Raise Bets on a July Fed Rate Increase
- Strategy Raises $467 Million in Cash and Leaves Its 843,775 Bitcoin Untouched
- Solo Bitcoin Miner Earns About $200,000 With $150 of Hardware as Lone Mining Rises
- Binance Customers Added 7,715 Bitcoin in June as Ether and Tether Balances Fell