CRCL, COIN Stocks Drop After Visa Backs USDC Rival Stablecoin Open USD
Circle Internet (CRCL) shares dropped in midday trade on Thursday after Visa (V) announced its new stablecoin platform built around Open USD, the rival stablecoin that has been pressuring Circle's core USDC (USDC.X) business since its late-June launch.CRCL’s stock slipped over 5% in midday trade, w…