Open USD Stablecoin Impact: Circle Drops 18% Before OUSD Moves a Dollar
Circle shares dropped 15-18% after the Open Standard alliance, backed by over 140 institutions including Visa and BlackRock, unveiled Open USD (OUSD). The market reacted to OUSD's model of distributing reserve income to partners, threatening Circle's revenue structure. Several listed members reportedly had no formal discussions with OUSD.
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