Woofun AI reports that CRCL shares fell 17.55% on Tuesday, closing at a historical low of $62.63. The decline was primarily driven by two developments. First, the Open Standard project announced backing from over 140 entities, including Visa, Mastercard, American Express, Stripe, BlackRock, Coinbase, Google, BNY Mellon, Standard Chartered, DBS, U.S. Bank, Shopify, DoorDash, and IBM. The initiative plans to launch Open USD in late 2026 across Base, Solana, Stellar, Polygon, and Ripple. Second, CRCL was excluded from major Russell growth indices, such as the Russell 1000 Growth, following adjustments after the June 26 market close. This delisting prompted mechanical selling by passive funds and ETFs tracking these benchmarks.