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Circle CEO Defends USDC After OUSD Launch and Over 17% Stock Slide

2026-07-02 17:12:19

Circle co-founder and CEO Jeremy Allaire defended USDC after Open Standard unveiled OUSD with more than 140 partner companies. Allaire argued that USDC's distribution, liquidity and licensing advantages are difficult to replicate. Circle's stock fell more than 17% on June 30, and DefiLlama showed USDC at $73.9 billion in market capitalization against USDT at $184.9 billion.

USDC0.02%

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