Open USD has entered the stablecoin market as a new competitor to Circle, with more than 140 companies set to operate OUSD. According to NS3.AI, Circle common stock fell 17% on Tuesday, erasing $3.3B in market capitalization in less than seven hours.
The report said Open Standard plans to distribute most Treasury-bond interest to partners while retaining only a small management fee.
Open USD Launch Pressures Circle Shares After 17% Drop Wipes $3.3B in Market Value
2026-07-01 11:38:55
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