CRCL fell over 8%, with Mizuho giving it a "Underperform" rating for the first time.

According to Foresight News and Zhitong Finance, the stablecoin leader Circle (CRCL.US) is experiencing a decline in stock price, with the stock falling over 8% to $186.17 as of the time of publication. In terms of news, Mizuho Securities analyst Dan Dolev released a new research report, initiating coverage of Circle stock with a "underperform" rating and a target price of $85. This price is significantly lower than the current level, indicating that Dolev expects the stock to undergo a substantial pullback of nearly 60%.

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