Circle Stock Falls Over 16% After Open Standard Launches OUSD Stablecoin

According to Odaily, Circle's stock fell over 16% on Tuesday following Open Standard's announcement of a new stablecoin, Open USD (OUSD), supported by over 140 companies including Visa, Stripe, Mastercard, BlackRock, and Coinbase. The market is concerned OUSD may compete with Circle's USDC. William Blair analysts called the selloff an overreaction, reiterating an outperform rating and noting Circle maintains first-mover advantages in liquidity and payment infrastructure despite new competition.
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