Circle CEO Says USDC’s Decade of Infrastructure Gives It a Structural Edge Over New Stablecoins

Circle faces a new competitor: Open USD (OUSD), backed by more than 140 companies, including Visa, Mastercard, Stripe, Coinbase and Google. The company’s shares fell 17.55% following the OUSD announcement, though they recovered part of their losses in Wednesday’s pre-market trading.

Source: Read the original article