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Circle CEO Jeremy Allaire addresses challenges for Open Standard Dollar after CRCL falls 16%
Circle stock dropped over 16% after a 140-company consortium announced rival stablecoin OUSD. CEO Jeremy Allaire defends USDC's network effects and
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coindesk.com
Circle (CRCL) slides as Stripe, Coinbase (COIN) and BlackRock (BLK) back rival stablecoin network
Open Standard's Open USD aims to let partners keep reserve income and eliminate minting fees, challenging Circle's USDC.
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decrypt.co
Circle Stock Dives as Coinbase, BlackRock and Visa Back Open USD Stablecoin - Decrypt
The forthcoming Open USD has more than 100 major supporters onboard, including Coinbase—a key backer of Circle’s USDC.
