🚨 BREAKING 🚨
📉 Circle (CRCL) shares fell by as much as 8–13% after the launch of Open USD, a new stablecoin network backed by major industry players.
🤝 Open USD is supported by Stripe, Coinbase, BlackRock, Visa, Mastercard, and over 140 companies, positioning it as a major competitor to USDC.
💰 The new network allows fee-free minting and redemption while sharing reserve income with participating partners, unlike the traditional stablecoin issuer model.
⚔️ The launch increases competition in the $300B+ stablecoin market, targeting the revenue model that has helped drive Circle's USDC growth.
📈 The move highlights intensifying institutional adoption of stablecoins as payment and financial giants compete to build the next generation of digital dollar infrastructure.
$CRCL
#CRCL
📉 Circle (CRCL) shares fell by as much as 8–13% after the launch of Open USD, a new stablecoin network backed by major industry players.
🤝 Open USD is supported by Stripe, Coinbase, BlackRock, Visa, Mastercard, and over 140 companies, positioning it as a major competitor to USDC.
💰 The new network allows fee-free minting and redemption while sharing reserve income with participating partners, unlike the traditional stablecoin issuer model.
⚔️ The launch increases competition in the $300B+ stablecoin market, targeting the revenue model that has helped drive Circle's USDC growth.
📈 The move highlights intensifying institutional adoption of stablecoins as payment and financial giants compete to build the next generation of digital dollar infrastructure.
$CRCL
#CRCL