Circle · Strategy · Federal Reserve (FED) · Stripe · Bitcoin.com News
Circle Climbs 7% After $64 Open, but OUSD Keeps Pressure on Its Yield Strategy
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Circle’s stock rebounded 7% on Monday following a 17% plummet the previous Tuesday, triggered by the announcement of a rival stablecoin, Open USD.
Key facts
- Nevertheless, at the time, the stock was still more than 5% below its June 29 opening price of $75 and well below its year-to-date peak of more than $132 recorded around March 18
- Coinbase, Circle’s primary distribution partner, earned roughly $908 million in 2024 through a revenue-sharing agreement that is up for renewal in August 2026
- Circle’s stock rebounded 7% on Monday following a 17% plummet the previous Tuesday, triggered by the announcement of a rival stablecoin, Open USD
- A consortium of more than 140 companies—including Visa, Mastercard, Stripe, Google, and Blackrock—announced the development of Open USD (OUSD)
Summary
Circle stock rebounded 7% Monday after an OUSD press release previously triggered a 17% session drop. OUSD threatens Circle’s business model, where 96% of revenue relies on keeping interest on reserves. Regulators will release final rules on July 18, determining if OUSD can legally pay yield by 2027. The stock of Circle, the issuer of the USDC stablecoin, jumped 7% on Monday as investor panic following the announcement of the launch of rival coin Open USD subsided.