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Open USD Consortium Sends Circle Shares Down 16%

2026-07-01 12:16:08

More than 140 companies formed Open Standard to issue Open USD, and Circle shares fell nearly 16% on June 30. Open USD is expected to go live later in 2026 with free minting and redemption for participating businesses. William Blair said the Circle stock drop was an overreaction, citing USDC's roughly $74 billion market capitalization and deep liquidity.

USDC-0.05%

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