Circle faces up to 20% revenue risk from AI agents, Mizuho says

Crypto Insight Summary: Mizuho cited 10-20% medium-term reserve revenue downside risk as AI agents steer USDC holders toward higher-yielding fiat alternatives. Crypto Insight Analysis: Direction: Bearish USDC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: AI-driven shifts from USDC to yield-bearing fiat could cut Circle revenue by 10-20%, but crypto impact is limited.