BUSINESSDECRYPT
Circle Stock Dives as Coinbase, BlackRock and Visa Back Open USD Stablecoin
Circle's stock declined as Coinbase, BlackRock, and Visa announced support for the forthcoming Open USD stablecoin. Coinbase is a key backer of Circle's USDC.
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Adjacent reporting
- Tether winds down aUSDT stablecoin and Alloy platform to sharpen focus
- Western Union Launches Solana-Based USDPT Stablecoin With Fireblocks Support
- Coinbase backs Hyperliquid stablecoin push as DeFi trading volumes climb
- Payment giants Stripe, Visa, Mastercard said to be among backers of soon-to-debut stablecoin platform
- Circle stock rallies 15% as Wall Street sees further upside in stablecoin adoption