Circle Stock Falls 15% as New Rival Stablecoin Targets USDC’s Enterprise Users
Circle stock fell as Open USD launched with 140 backers including Visa and Coinbase, challenging USDC's lead in payments.
Circle stock fell as Open USD launched with 140 backers including Visa and Coinbase, challenging USDC's lead in payments.


ARK Invest's biggest crypto stock purchases over the past three trading days were Coinbase and Circle, whose shares have fallen 17% and 27.6%, respectively, over the past month.

ARK bought Coinbase, Circle, Bullish and Robinhood shares worth about $16.9M as crypto-linked stocks rallied Monday.

Ark bought $6.85 million worth of Coinbase, $6.21 million worth of Circle Internet Group, and $3.54 million in Bullish on Monday.

Circle's USDC shift to Solana enhances liquidity and trading conditions, but raises dependency risks if Solana faces disruptions.

BNY has added USDC mint and burn capabilities to its Digital Asset Custody platform, giving institutional clients a direct path between U.S. dollars and Circle’s stablecoin without leaving the bank’s infrastructure. What BNY Is Offering The bank announced the expanded relationship with Circle Internet Group on June 29, 2026. Under the new arrangement, BNY clients […]

BNY has added USDC minting, redemption, custody and transfer services to its Digital Asset Custody platform, giving institutional clients direct access to Circle’s stablecoin through the bank. According to BNY, the update allows clients to turn U.S. dollars into USDC…

BNY, the world's largest custodian bank, said it plans to add support for additional stablecoin via its Digital Asset Custody platform.

BNY, the world's largest custodian bank with $59.4 trillion in assets under custody, has made USDC the first stablecoin on its Digital Asset Custody platform, enabling institutional clients to store, transfer, mint, and redeem Circle's dollar-pegged token alongside traditional assets.

The move deepens BNY's partnership with Circle and builds on the bank's role as the primary custodian of USDC reserves.

America's oldest bank will allow institutional clients to store, mint, redeem, and transfer USDC.


Congress just blocked the Federal Reserve from issuing a CBDC, and the companies benefiting most are private stablecoin issuers like Circle and Tether. The 21st Century ROAD to Housing Act passed the Senate 85-5 on June 22 and cleared the House 358-32 the next day, and folded inside that housing package is a four-year ban […]

The sharp decline in crypto stocks highlights the volatility and regulatory challenges in the sector, impacting investor confidence and market stability.

Coinbase and Circle have posted steeper losses than Oracle, Netflix and Salesforce, highlighting the widening gap between crypto equities and the broader market.

Cathie Wood’s ARK Invest has expanded its positions in Coinbase, SpaceX, Circle, Bullish, and Robinhood by purchasing about $25.54 million worth of shares on Friday across several of its exchange-traded funds. According to ARK Invest’s latest daily trade disclosure, Coinbase…

Ripple's RLUSD stablecoin went live in Japan on Tuesday after receiving approval from Japan's Financial Services Agency, becoming the first foreign-issued stablecoin classified under Japan's revised Payment Services Act.

Cathie Wood’s ARK Invest scooped up shares of Coinbase, Circle, Bullish, and Robinhood on June 25 as all four crypto-linked stocks fell, according to the firm’s daily trade disclosures. The purchases clearly reflected Wood’s ongoing strategy of buying into weakness. Buying Into a Broad Crypto-Equity Selloff ARK added 35,023 shares of Robinhood (Nasdaq: HOOD), worth […]

Ripple and SBI announced the official launch of RLUSD in Japan on June 24, following JFSA approval, with the stablecoin available to institutional and retail users through SBI VC Trade. Ripple categorized RLUSD under Japan's Payment Services Act as a new type of electronic payment instrument for foreign-issued stablecoins, the first time the company has […]