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Circle Selloff Deepens as Open USD Faces Adoption Test
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Circle Selloff Deepens as Open USD Faces Adoption Test
Circle shares dropped after the launch of Open Standard’s Open USD, a consortium stablecoin designed to rival USDC by sharing reserve income with partners. Analysts say the market may be overreacting, but the new token still faces a difficult test around structure, incentives and real-world adoption.
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