Tag: call
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Circle Shares Plunge Amid New Stablecoin Threat, Analysts Call Market Reaction Overblown
Shares in Circle (CRCL), the issuer of the prominent USDC stablecoin, experienced a sharp decline of 18% on Tuesday following the announcement of a competing stablecoin, Open USD (OUSD). This new digital asset is poised for launch by a consortium of global partners, including industry giants Coinbase, Visa, and Mastercard. However, analysts at Clear Street…
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