Mizuho Analyst: Circle's Trust Bank Approval Unlikely to Resolve USDC Market Share Decline Dilemma

TechFlow news, July 14, according to The Block, Mizuho Bank analysts pointed out that Circle's approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, while helpful for enhancing its compliance credibility, is not sufficient to resolve the current core pressures—the continuous shrinking of USDC market cap and increasingly fierce competition from Open USD—which still constitute a significant drag on $CRCL stock price.