Circle Falls Over 13%, Visa, BlackRock, and Other Giants to Launch New Stablecoin OUSD

BlockBeats News, June 30th, according to Bitget market data, Circle continued its downward trend, with a decrease of over 13% at the opening, and the current price is hovering at $65.82, with a market cap dropping to $16.351 billion.

On the news front, dozens of financial institutions, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, plan to jointly launch a new stablecoin called OUSD, adopting a business model that involves revenue sharing among partners.