Stock Track | Circle Internet Corp. Plummets 5.61% Intraday as Open USD Competition Fears Persist

Stock Track

Jul 07

Circle Internet Corp.'s stock plummeted 5.61% during intraday trading on Tuesday, reflecting continued investor concerns about the company's competitive position in the stablecoin market.

The decline is attributed to persistent market anxiety over the competitive threat posed by the newly announced Open USD stablecoin project. Open USD, backed by over 140 institutions including Visa, Stripe, Mastercard, BlackRock, and Coinbase, is viewed as a direct challenge to Circle's flagship product USDC. Adding to the pressure, USDC has experienced $6.6 billion in outflows over the past quarter, the largest among all stablecoins.

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Plummets 5.61% Intraday as Open USD Competition Fears Persist\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-07-07 23:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Circle Internet Corp.'s stock plummeted 5.61% during intraday trading on Tuesday, reflecting continued investor concerns about the company's competitive position in the stablecoin market.</p><p>The decline is attributed to persistent market anxiety over the competitive threat posed by the newly announced Open USD stablecoin project. Open USD, backed by over 140 institutions including Visa, Stripe, Mastercard, BlackRock, and Coinbase, is viewed as a direct challenge to Circle's flagship product USDC. 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