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Open USD Hits Circle Business
Open USD Alliance Threatens Circle's Stablecoin Revenue Model as CRCL Stock Slides
Institutional TransitionJul 22, 2026
The Open USD Alliance is directly challenging Circle's stablecoin profit model, contributing to a decline in Circle's share price. The competitive pressure adds to Circle's previously documented stock decline from $260 to $62 and Mizuho's 'underperform' rating.
Related storylines
- Circle federal bank pivotCircle's federal bank pivot and competitive pressure on USDC revenues
1 source
- Circle Shares Plunge: Open USD Alliance Strikes at Stablecoin Profit Model · blockchainreporter.net · T2