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Open USD Hits Circle Business
Open USD Alliance Threatens Circle's Stablecoin Revenue Model as CRCL Stock Slides
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.
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- 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