Ark Invest Researcher Doubts Open USD Can Beat Circle After 16% Stock Drop
Key Takeaways Circle shares fell 16.5% on June 30, 2026, after Open Standard unveiled the OUSD stablecoin. Coinbase and Blackrock are among 140 backers of OUSD, pressuring Circle’s USDC reserve income. Circle’s Coinbase distribution deal renews in August as OUSD targets a launch later in 2026. The stock CRCL closed down approximately 16.5%, trading as…