Circle’s OCC Approval Does Not End USDC Growth Pressure, Mizuho Says

Reported facts

This article uses only the 区块律动 event package dated 2026-07-13, plus the original source URL as external evidence.

BlockBeats reported that Mizuho viewed Circle receiving OCC final approval for First National Digital Currency Bank as positive but insufficient to change core fundamentals.

Mizuho maintained a neutral rating on Circle and said the market reaction may be too optimistic.

The institution said USDC circulating market value had fallen by about $7 billion since March to about $74 billion.

Mizuho argued slower USDC growth could pressure Circle transaction revenue and reserve income.

It also cited competition from Open USD, a stablecoin initiative involving more than 140 financial and technology companies including Mastercard, Stripe, and Coinbase.

This is not a price target, yield promise, license claim, or guarantee that any product is available in every region.

Why it matters

For authority review, keep reported facts, reasonable interpretation, and evidence limits in separate columns.

The market relevance is the link between Circle, USDC growth, OCC approval, and stablecoin competition and timing. Use it to decide what to monitor next, not to skip verification or force a trade.

A practical reader asks whether the event changes exposure size, exit rules, custody preference, or research priority. If the answer is unclear, observation is safer than forced execution.

Limits and uncertainty

The evidence boundary is narrow: the claim provides source, timestamp, URL, title, and a short description when available. It does not provide live order books, complete legal text, or current Bitget account terms.

Because the source is 区块律动, later official notices or updated data should override this page. Treat it as a dated research note, not a permanent rule.

This is not a price target, yield promise, license claim, or guarantee that any product is available in every region.

Checklist before acting

Before acting, verify the following items in current sources rather than relying on a cached headline.

• Original source URL and timestamp
• Affected asset, contract, chain, or fund
• Fees, margin, liquidity, and funding if trading
• Eligibility, KYC, jurisdiction, and risk controls
• Whether newer data has changed the event

Bitget context

Use /go/bitget only to check current Bitget product pages and account terms after reading the evidence.

The suitable reader is already researching the asset or comparing venues. It is not for readers seeking guaranteed signals or shortcuts around due diligence.

Bitget should not be described as causing the event or guaranteeing the outcome. Its role is a current venue check after the evidence is understood.

Trading risk reminder: crypto assets and derivatives can move quickly. Verify fees, eligibility, liquidity, custody, margin rules, and local regulation before acting.