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Open USD Threatens Circle’s Market | Business and Finance News
Description
Circle’s stock tumbled 18% after news broke about Open USD, a new stablecoin backed by Coinbase, Visa, and Mastercard — but analysts are skeptical, arguing big names don’t guarantee success without real adoption, liquidity, or regulatory support. While USDC has held steady, Circle’s shares remain down sharply from their peak, though some analysts see strong upside ahead. The stablecoin race is heating up — and Circle’s CEO is banking on its proven infrastructure to stay ahead.
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