7月16日，Circle Internet Corp.盘中下跌5.01%，报62.40美元/股，成交额1.26亿美元。此前该股因美英稳定币合作路线图短暂反弹后再度回落，市场对其中长期盈利前景的担忧主导交易情绪。
消息面上，瑞穗证券近日将Circle评级由中性下调至"跑输大盘"，目标价从85美元大幅下调至50美元，核心逻辑指向Open USD（OUSD）——一个由贝莱德、Coinbase、Mastercard、Stripe、Visa等超140家公司组成的稳定币联盟。在该模式下，储备收益分配给各参与方而非单一发行商，可能推动全行业定价压缩。瑞穗还警告，Circle与最大分销方Coinbase的收入分成谈判即将到来，而Coinbase对OUSD的支持可能增强其议价能力，进一步挤压Circle盈利空间。
（以上内容均基于市场公开消息，由程序或算法智能生成，仅作为股价异动提醒，不作为投资建议或交易依据。）
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.