Dossier
OUSD
Coverage of OUSD in the Nexus archive.
- Ark Invest scoops up $18 million in Circle shares as stock dips 41% over past month
Ark Invest purchased $18 million in Circle shares as the company's stock declined 41% over the past month. Circle's stock dropped 1% following an 18% decline on Tuesday after the launch of the competing stablecoin project OUSD.
- Bernstein sees 203% upside for Circle even as new stablecoin rival OUSD debuts
Bernstein reaffirmed an Outperform rating on Circle with a $190 target despite the launch of new stablecoin rival OUSD, which caused CRCL stock to drop over 17%. The analysis highlights a 203% upside potential for Circle amid competition from OUSD.
- Circle CEO touts USDC's network advantage as OUSD emerges
Circle CEO highlights USDC's network advantage as OUSD emerges as a potential challenger to the Circle-Tether duopoly. Bernstein notes unresolved governance, operational, and revenue-sharing issues for OUSD.