Mizuho analyst Dan Dolev upgraded Circle Internet (CRCL) to Neutral from Underperform with a price target of $77, up from $70. Since all Polymarket bets are settled in USD coin, Mizuho now sees USDC on Polymarket as a “looming catalyst” for Circle Internet, the analyst tells investors in a research note. The firm says 2026 is off to a strong start for Polymarket with annualized volumes of $50B. The current run-rate could drive 25% potential upside to USDC’s market capitalization, with even more upside plausible given the multitude of prediction events “ranging from will Jesus return before 2027 to Super Bowl,” contends Mizuho.
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