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Circle's Value Drops 13% Amid Rival Stablecoin Launch
4 sourcesFirst reported 22 days agoUpdated 21 days ago
Untold
No left-leaning outlet covered this story. You are only seeing one side of the political spectrum.
Untold
No right-leaning outlet covered this story. You are only seeing one side of the political spectrum.
Center 100%
4 center
No left-leaning outlets covered this story. Coverage comes exclusively from centrist or right-leaning sources. Left-leaning media may consider the story insignificant, or the story challenges progressive narratives. Seek out left-leaning commentary to complete the picture.
What all sources covered
- Circle's stock fell by 13% following news of a new stablecoin initiative.
- Major companies including Stripe and Coinbase are backing the Open USD project.
- Open USD aims to create competition against Circle's USDC and Tether's USDT.
- The new stablecoin is expected to allow partners to retain reserve earnings.
- Analysts highlight challenges in building a network for the new stablecoin.
4 sources
Who reported first
CoinDeskFirst
Finextra+2h
CoinDesk+4h
Cointelegraph+5h
All coverage
center
Circle slides 13% as Stripe, Coinbase and BlackRock back rival stablecoin network
CoinDesk· 22 days ago
center
Financial companies join forces for US dollar stablecoin, keeping reserve earnings
Cointelegraph· 21 days ago
center
Why OpenUSD's 'real threat' that tanked Circle stock still faces a steep uphill battle for adoption
CoinDesk· 21 days ago
Finextra
center
Big payment names back new stablecoin
Finextra· 21 days ago