Defi
Open USD Stablecoin Impact: Circle Drops 18% Before OUSD Moves a Dollar
The Cryptonomist·July 21, 2026·1 min read
Circle shares fell 15-18% after the Open Standard alliance unveiled Open USD stablecoin, backed by 140+ institutions including Visa, Mastercard, Stripe, Coinbase, and BlackRock. The market reaction targeted Circle despite OUSD not yet moving a dollar. The announcement triggered the decline.
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