Circle stock falls 17.5% after Russell removals and Open USD launch
Circle’s CRCL fell 17.5% to $62.63 after Russell Growth removals and Open USD launch fueled fresh USDC competition fears.
Crypto News·
NYLIM and Centrifuge launch HYB, a tokenized U.S. high-yield bond fund settling in USDC for eligible investors onchain.
Read full articleCircle’s CRCL fell 17.5% to $62.63 after Russell Growth removals and Open USD launch fueled fresh USDC competition fears.
New York Life IM’s HYB tokenized high-yield fund launches with Centrifuge, settles in USDC under Reg S, and taps NYLIM’s ~$807B AUM. DeFi finally tests real credit risk.
Circle shares fell 16% after Open Standard unveiled OUSD, backed by 140+ firms with zero-fee minting and redemption. Circle shares dropped 16% after Open Standard announced Open USD, a new stablecoin for global payments and settlement. The move placed USDC’s parent company under fresh pressure. Open USD, also called OUSD, is expected to launch later […] The post Circle Stock Drops 16% After Open USD Shakes the Stablecoin Market appeared first on Live Bitcoin News.
17% slide in CRCL shares followed Open USD’s launch as a 140+ partner stablecoin network returns reserve yield to participants. USDC’s moat faces a new test.
The rapid increase in USDC minting on Solana highlights the network's growing role in stablecoin markets, impacting liquidity and investor strategies. The post Circle mints 1B USDC on Solana as 2026 total reaches $64.25B appeared first on Crypto Briefing.
Coinbase and Spiko enable USDC and EURC payments for regulated EU UCITS funds. Base network powers faster, lower-cost settlements for institutional fund transactions. Partnership supports 24/7 subscriptions and quicker redemptions for treasury investors. Coinbase has partnered with Spiko to introduce stablecoin payments for regulated European Treasury bill money market funds. The integration enables eligible investors […] The post Coinbase Teams Up With Spiko to Bring Stablecoin Payments to EU T-Bill Funds appeared first on Live Bitcoin News.
Circle shares fell sharply on Tuesday, after a consortium of more than 140 companies, including Visa, Mastercard, Coinbase, and Blackrock, unveiled a new stablecoin built to compete directly with USDC. The stock CRCL closed down approximately 16.5%, trading as low as $63.10 after opening near $72.46. The prior close on June 29 was $75.96. The […]
The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.