Key highlights: Mizuho has downgraded its CRCL forecast from $85 to $60 by the end of the year The firm’s analysts pointed to growing pressure from OpenUSD on Circle’s revenues CRCL is down 4% after surging from the buzz of Circle’s OCC approval to become a national trust bank Days after taking a neutral stance […]
Tag: CRCL
Key highlights: The OCC has approved Circle’s application to launch a national trust bank The bank can offer crypto custody services under federal oversight Ripple, BitGo, and Paxos are still waiting for final approval Ark Invest buys 217,896 CRCL stocks Circle has reportedly secured approval from the US Office of the Comptroller of the Currency […]
Key highlights: Circle CEO Jeremy Allaire fancies his company’s long-term chances amid new competition from OpenUSD The Circle CEO criticized OpenUSD’s model while dispelling rumors of severing ties with Coinbase Following OpenUSD’s announcement, Circle stock slumped by double digits, but pundits dismissed it as a normal market reaction Circle CEO Jeremy Allaire has downplayed claims […]