BlockBeats News, January 29 — Mizuho Securities has reversed its stance on Circle, upgrading CRCL stock to “Neutral” and raising its target price to $77. On Wednesday, they stated that the increasing popularity of the market platform Polymarket could potentially drive the company’s stock price higher.
Analysts Dan Dolev and Alexander Jenkins said: “All bets on Polymarket are settled in USDC, which means that growth in Polymarket will directly drive growth in USDC. We expect the growth momentum of prediction markets to continue into 2026, which will translate into an increase in USDC market capitalization, bringing incremental revenue to Circle.”
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