BUSINESSCOINDESK
Open USD rattled Circle's stock, but its key backers still support USDC
Open USD's actions caused a decline in Circle's stock, but Circle's key backers continue to support USDC. The situation highlights mixed market reactions despite ongoing institutional backing.
Related Signal
Adjacent reporting
- Circle Stock Dives as Coinbase, BlackRock and Visa Back Open USD Stablecoin
- Wall Street turns cautious on Circle as analysts warn USDC economics face mounting pressure
- Circle stock rallies 15% as Wall Street sees further upside in stablecoin adoption
- Jefferies warns against buying the dip in Circle as Open USD raises new competition fears