Circle: Open USD Partners Deny Formal Ties
Circle $CRCL plunged 16.5% on Open USD claims now denied by Visa, Mastercard, Samsung and Shinhan amid Circle USDC market share threat from new stablecoin entrants history.
SourceAnalysis
Circle $CRCL stock plunged 16.5% after Open Standard unveiled Open USD launch plans with 140 partners including Visa, Mastercard, Google and Coinbase, yet multiple listed South Korean firms now deny membership and say they only reviewed proposals or discovered inclusion via media reports, erasing the narrative of immediate Circle USDC market share threat from new stablecoin entrants history.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
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