Open USD, the new stablecoin backed by Visa, Stripe, and BlackRock, shakes up Circle’s stock title on the Exchange
A lot of water has passed under the bridge for stablecoins since the early days of USDT and USDC. Financial giants, tech companies, and crypto players are now fighting over this strategic ground. And now Open USD arrives in the market. This new stablecoin is backed by an impressive consortium of 140 affiliated companies. This announcement has already triggered a real stock-market earthquake in global financial markets.
Open USD is a new stablecoin backed by more than 140 major global companies.
The announcement caused a 16% drop in Circle’s shares on the exchange.
Open USD’s model redistributes income from the reserves to the participating companies.
Analysts believe Circle remains well positioned despite the arrival of Open USD.
Open USD, the new stablecoin that makes Circle tremble
On June 30, 2026, Open Standard unveiled Open USD, a stablecoin powered by Visa, Stripe, Mastercard, BlackRock, and Coinbase. The impact was immediate and brutal on international financial markets. Circle’s stock plummeted by more than 16% in a single trading session. Investors viewed OUSD as a very direct threat to USDC, Circle’s flagship stablecoin. However, analysts at William Blair consider this reaction excessive and irrational.
“ We believe that concerns about competition are being exaggerated ”, Andrew Jeffrey and Adib Choudhury wrote in their research note. They compare OUSD to past consortia such as MCX and Paze. The latter failed to establish themselves against established networks.
$USDC
$CITY
$COTI
#usd
A lot of water has passed under the bridge for stablecoins since the early days of USDT and USDC. Financial giants, tech companies, and crypto players are now fighting over this strategic ground. And now Open USD arrives in the market. This new stablecoin is backed by an impressive consortium of 140 affiliated companies. This announcement has already triggered a real stock-market earthquake in global financial markets.
Open USD is a new stablecoin backed by more than 140 major global companies.
The announcement caused a 16% drop in Circle’s shares on the exchange.
Open USD’s model redistributes income from the reserves to the participating companies.
Analysts believe Circle remains well positioned despite the arrival of Open USD.
Open USD, the new stablecoin that makes Circle tremble
On June 30, 2026, Open Standard unveiled Open USD, a stablecoin powered by Visa, Stripe, Mastercard, BlackRock, and Coinbase. The impact was immediate and brutal on international financial markets. Circle’s stock plummeted by more than 16% in a single trading session. Investors viewed OUSD as a very direct threat to USDC, Circle’s flagship stablecoin. However, analysts at William Blair consider this reaction excessive and irrational.
“ We believe that concerns about competition are being exaggerated ”, Andrew Jeffrey and Adib Choudhury wrote in their research note. They compare OUSD to past consortia such as MCX and Paze. The latter failed to establish themselves against established networks.
$USDC
$CITY
$COTI
#usd