Circle stock falls 17.5% after Russell removals and Open USD launch

Visa, Mastercard, Coinbase, and more than 140 businesses have launched Open Standard, a new stablecoin consortium that plans to issue a U.S. dollar pegged token called Open USD later this year. According to Open Standard, the initiative is designed to…

Circle's removal from key indexes may reduce liquidity and visibility, impacting investor perception despite stable business fundamentals. The post Circle removed from five Russell Growth indexes, CRCL falls 17% appeared first on Crypto Briefing.

140+ partners back Open USD as Visa, Mastercard, Stripe, Coinbase and BlackRock rally behind a no-fee mint model. Here’s how it reshapes stablecoin rails.

Backed by over 140 companies, Open USD promises zero-fee minting, collaborative governance, and reserve yield sharing ahead of its launch.

NYLIM and Centrifuge launch HYB, a tokenized U.S. high-yield bond fund settling in USDC for eligible investors onchain.

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.