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Wire · opportunities

CRCL, COIN Stocks Drop After Visa Backs USDC Rival Stablecoin Open USD

16 July 2026 · By · Wire by Fusion42

Published

16 July 2026

Topic

opportunities

◆ Sectors

Fintech

◆ Geography

United States

◆ Source

Read at tradingview.com →

◆ Verified

Fusion42 · 16 July 2026 · Fusion42 review

Visa launched its Stablecoin Platform backing Open USD, a rival to Circle's USDC, triggering a 5.9% drop in Circle shares and 3.9% decline in Coinbase stock. The move signals major payments infrastructure pivoting away from Circle's stablecoin dominance.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

If you've built a fintech or treasury business on USDC, Visa just became your stablecoin supplier—and Circle is losing its moat. Open USD now has the rails that matter: Visa's settlement infrastructure and merchant relationships.

◆ Coverage

1 source · 16 Jul 2026

◆ Related on Wire

◆ Topics

Fintechstablecoinsvisa-strategyusdc-threatpayments-infrastructurecrypto-competition