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Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks
Mizuho notes that Circle's bank approval does not address USDC's growth challenges or risks from stablecoin competition.
Related Signal
Adjacent reporting
- White House basically admitted a stablecoin yield ban wouldn't even help banks
- Stablecoins not a threat to banks in the near-term: Moody's analyst
- IMF says Nigeria’s stablecoin adoption is ‘testing the limits’ of monetary and regulatory frameworks
- The bad influence of the bank lobby is a shame
- BIS says stablecoins fall short as money, warns of emerging-market risks in annual report
- JPMorgan execs draw comparison between yield stablecoins and ‘shadow banking’