OUSD Stablecoin Launch by Visa and BlackRock Drives Circle Stock Down 13%
2026-06-30 23:44

Woofun AI reports that Circle stock declined over 13% to $65.82, reducing its market capitalization to $16.351 billion. This movement coincides with the announcement that financial entities including Visa, Stripe, Mastercard, BlackRock, and Coinbase will jointly introduce the OUSD stablecoin. The new asset will operate under a partnership-based revenue-sharing business model.

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Tags:
OUSD
Circle
Visa
BlackRock
Stripe
Mastercard
Coinbase
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