Circle · Companies · The Inference

Economy

Mizuho cuts its Circle target to $43 on AI agent risk while Bernstein and Ark pushed back

Mizuho became the first bank to price what AI agents do to a stablecoin issuer, cutting Circle to $43 while Bernstein raised its estimates and Ark bought $5.2 million more the same day. Circle's 7-cents-per-dollar margin is the prize.

October 27, 2026 · 2 min read

Economy

Circle keeps 7 cents per dollar of revenue, and its CFO just sold $1.35 million of stock at $90

Circle's departing CFO exercised 15,000 options at $10.11 and sold at $90 days before a November 4 report where 95% of revenue rides on a reserve return that fell 66 basis points last quarter. The successor is unnamed and the margin he leaves is 7 cents per dollar.

October 26, 2026 · 3 min read

Economy

SoFi is paying 4.4% for the money stablecoins like Circle's USDC hold for free

SoFi launched SOFIE on October 22, the first tokenized deposit sold to consumers by a US national bank, a day after the OCC finalized the rule that bars stablecoin issuers from paying yield. The contest for the digital dollar now runs through the rate sheet.

October 22, 2026 · 3 min read

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Coinbase's European Conversion Moves Tether Balances to Circle

Mizuho cuts its Circle target to $43 on AI agent risk while Bernstein and Ark pushed back

Circle keeps 7 cents per dollar of revenue, and its CFO just sold $1.35 million of stock at $90

SoFi is paying 4.4% for the money stablecoins like Circle's USDC hold for free

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