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Jefferies Warns Circle Dip Buyers as Open USD Could Pressure USDC Growth

2026-07-02 17:00:19

Jefferies warned investors against buying Circle’s dip after CRCL rebounded 5% Wednesday following a 17% plunge. The Open USD consortium is backed by more than 140 firms, including Stripe, Coinbase, Visa, Mastercard and BlackRock. Jefferies said rising stablecoin competition could pressure USDC’s supply growth and market share.

USDC0.02%

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