Circle Stock Falls Over 13% on June 30; Visa, BlackRock to Co-Launch OUSD Stablecoin

According to Bitget data, Circle's stock fell over 13% on June 30, trading at $65.82 with a market cap of $16.351 billion. Multiple financial institutions including Visa, Stripe, Mastercard, BlackRock, and Coinbase plan to jointly launch a new stablecoin called OUSD, adopting a revenue-sharing business model among partners.
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