OUSD’s powerful backers and partner-driven incentives have fueled concerns that Circle faces one of its biggest competitive challenges to date. Circle is facing one of its biggest challenges following the announcement of Open USD […]
Ark Invest has a tendency to load up on shares in cryptocurrency companies when their prices are depressed, and June was no exception. Bitcoin BTC$60,348.60, the largest cryptocurrency, recorded its worst month in four years, […]
“Large groups of large companies coordinate poorly, have misaligned incentives, slow things down and rarely create the space for real durable innovation,” he wrote. Test for the consortium model That skepticism is shared by Lorenzo […]
Solana has received another major injection of stablecoin liquidity after Circle reportedly minted an additional $1 billion in USDC on the network around July 1. The move adds to a year that has already seen […]
Circle’s stock, CRCL, dumped 17.5% to $62.63 on the 30th of June, marking the largest daily loss since March. It’s worth noting that in March, the stock fell 20% following a draft proposal to ban […]
Stablecoins just got a plot twist. A new dollar token called Open USD landed with a long list of backers and a business model built to undercut the incumbents. Markets noticed fast, and Circle’s shares […]
Still, he argued that the Circle’s 16% selloff on Tuesday went too far. “I think it is an overreaction,” he told CoinDesk. Circle selloff (TradingView) He pointed to Paxos’ Global Dollar Network (USDG), another consortium-backed […]
Key Takeaways Circle shares fell 16.5% on June 30, 2026, after Open Standard unveiled the OUSD stablecoin. Coinbase and Blackrock are among 140 backers of OUSD, pressuring Circle’s USDC reserve income. Circle’s Coinbase distribution deal […]
Unlike cryptocurrencies such as bitcoin, stablecoins are designed to maintain a fixed price pegged to a fiat currency, typically to the U.S. dollar and backed with cash and short-term U.S. Treasuries. Originally used primarily by […]
Key Takeaways BNY added USDC mint and burn to its custody platform on June 29, 2026, in a deal with Circle. BNY oversees $59.3 trillion in assets, giving the new USDC services immediate institutional scale. […]
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