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Circle Drops 17.55% as Open USD Launches With 140 Partners

2026-07-01 09:21:49

Abstract generation in progress

Open USD launched a dollar-pegged stablecoin with support from 140 companies. The project allows enterprise users to mint and redeem stablecoins without limits and at zero cost. Open USD will return reserve-asset yield to partners. Circle stock fell 17.55% after the news and its removal from the Russell Index.

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