The Block (@TheBlockCo): THE BLOCK: Circle shares $CRCL fell more than 16% after Open Standard unveiled Open USD, a rival stablecoin backed by Visa, Stripe, Coinbase and other…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- USDC-70Negative
THE BLOCK: Circle shares $CRCL fell more than 16% after Open Standard unveiled Open USD, a rival stablecoin backed by Visa, Stripe, Coinbase and others. William Blair analysts called the selloff an overreaction, saying USDC's market position and liquidity are difficult to replicate.