Mizuho Securities revises Circle valuation – Polymarket expansion supports USDC

Mizuho Securities recently revised its market outlook for Circle, setting a new target price of $77. This adjustment reflects a more nuanced view of developments within the stablecoin provider’s ecosystem. The financial services provider particularly recognizes the strategic importance of Polymarket, the leading decentralized prediction platform that uses USDC as its primary settlement medium.

The revised outlook: From optimism to balanced valuation

According to NS3.AI, Mizuho Securities’ analysts have transparently outlined the reasons for their reassessment. The rapid growth of Polymarket is seen as a key factor for Circle’s future development. By utilizing USDC as a transaction medium, the stablecoin directly benefits from every expansion of the prediction platform. The valuation has been revised to adequately reflect this long-term opportunity.

Polymarket expansion as a catalyst for USDC growth

The analysts forecast that Polymarket’s expansion will accelerate in the coming months of 2026. This development has immediate effects on the demand for USDC – the more users bet and transact on Polymarket, the more the circulating supply of the stablecoin grows. The increased market capitalization of USDC directly leads to higher revenues for Circle, the issuer of the currency.

Market capitalization and revenue potential in focus

The new target price of $77 reflects the expected revenue increase at Circle resulting from Polymarket growth. With USDC (USD Coin) currently trading at $1.00 and maintaining a stable market position, this underscores the reliability of the underlying ecosystem. Mizuho Securities’ revised assessment clearly indicates that long-term partnerships in the DeFi sector, such as with Polymarket, are crucial for Circle’s fundamental strength.