CryptoCoinDeskabout 2 hours ago
Circle slides 8% as rival stablecoin Open USD launches
1 min read
Circle shares fell 8% after a consortium of over 140 companies launched Open USD, a rival stablecoin. Stripe, Coinbase, Mastercard, Visa, and BlackRock are launch partners. The new stablecoin lets partners retain reserve earnings, challenging USDC's economics.
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