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Circle Stock Drops 16% as Coinbase, BlackRock and Visa Back Open USD

2026-07-02 23:31:42

Abstract generation in progress

Circle shares fell nearly 16% to $63.99 after more than 140 companies backed Open USD, a new stablecoin from Open Standard. Open USD promises free, uncapped minting and redemption. Open USD is expected to go live later this year with governance by a board of partner companies.

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