Circle CEO defends USDC’s network effects amid Open USD consortium launch

Open USD signs 140+ partners including Visa, Stripe, and Coinbase; Circle stock drops 16% as the stablecoin fight shifts to distribution.

Analysts don't think the threat of a new stablecoin launch was enough to warrant a major Circle (CRCL) sell-off on Tuesday.

Jeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, two days after the launch of the 140-plus-firm Open USD consortium sent Circle's stock down more than 17% in a single session.

Circle reportedly minted another $1 billion of USDC on Solana, adding to the network’s already large gross issuance total for 2026.

Economic resilience and AI-driven productivity may offset recession fears, but rising rates could challenge borrowing and spending dynamics. The post Bank of America CEO downplays recession fears, cites economic strength and AI-driven growth appeared first on Crypto Briefing.

Circle's stablecoin payouts in Europe enhance cross-border transactions, streamline compliance, and bolster its global fintech positioning. The post Circle launches stablecoin payouts through Circle Mint France appeared first on Crypto Briefing.

The launch signifies growing institutional interest in blockchain, potentially reshaping financial markets and prompting regulatory scrutiny. The post New York Life, Centrifuge launch tokenized US corporate bond fund in USDC appeared first on Crypto Briefing.

New York Life Investment Management is tokenizing a high-yield corporate bond strategy for the first time, partnering with Centrifuge on the NYLIM Anemoy fund settled in USDC.