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OUSD Stablecoin Hits Circle as Stock Loses $3.3B

2026-07-01 11:41:33

Open USD arrived as a new stablecoin competitor to Circle, with more than 140 companies set to operate OUSD. Circle common stock fell 17% on Tuesday and erased $3.3B in market capitalization in less than seven hours. Open Standard will distribute most Treasury-bond interest to partners and keep only a small management fee.

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