• Circle Stock Drops 16% After Open USD Shakes the Stablecoin Market

    Circle Stock Drops 16% After Open USD Shakes the Stablecoin Market

    Circle shares fell 16% after Open Standard unveiled OUSD, backed by 140+ firms with zero-fee minting and redemption. Circle shares dropped 16% after Open Standard announced Open USD, a new stablecoin for global payments and settlement. The move placed USDC’s parent company under fresh pressure. Open USD, also called OUSD, is expected to launch later…