Woofun AI reports that Circle’s equity declined by more than 16% on Tuesday following the announcement of Open USD (OUSD). The new stablecoin is supported by over 140 entities, including BlackRock, Visa, Stripe, Mastercard, and Coinbase, sparking concerns regarding competitive pressure on USDC.

William Blair analysts characterized the sell-off as an overreaction, reaffirming an "Outperform" rating on Circle. They emphasized Circle's first-mover advantage, deep liquidity, and established payment infrastructure. Circle CEO Jeremy Allaire stated that the company welcomes competition and will continue expanding the USDC ecosystem. Analysts further noted that new entrants may drive broader industry adoption rather than solely eroding USDC's market share.