$Circle Internet Corp.(CRCL)$ -To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Circle Internet Corp.(CRCL)$

Circle Internet shares fell 5% Tuesday morning after Bloomberg reported that Visa, Stripe and more than 100 other financial firms are joining forces to launch a new stablecoin venture.

The new initiative, known as Open Standard, will issue its own US dollar-backed stablecoin called Open USD, according to a blog post shared with Bloomberg News. Supporters of the venture include Visa Inc., Stripe Inc., Bank of New York Mellon Corp., BlackRock Inc., Klarna Group Plc, Chime Financial Inc., Alphabet Inc., and Coinbase Global Inc.

Circle Internet shares continued to be oversold in the market.

Circle Crashes 17.55% — Is Bitcoin Below $60K a Buying Opportunity?

Circle plunged 17.55% today after Stripe, Visa, and BlackRock jointly backed a new open USD stablecoin, directly challenging Tether and Circle's USDC for market dominance. The stablecoin sector had only just attracted renewed enthusiasm following regulatory clarity via the CLARITY Act — now major incumbents are building competing products, dealing a frontal blow to Circle's moat. Is this selloff an overshooting opportunity to buy the dip, or the beginning of a fundamental shift in the sector's leadership thesis?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":581179150434608,"tweetId":"581179150434608","gmtCreate":1782919622147,"gmtModify":1782919626263,"author":{"id":4088639346266630,"idStr":"4088639346266630","authorId":4088639346266630,"authorIdStr":"4088639346266630","name":"daz999999999","avatar":"https://community-static.tradeup.com/news/8bbe8cd95504dc1e0dd3af78504d3f7e","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":12,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":"93.53%","individualDisplayEnabled":0},"individualDisplayBadges":[],"wearingBadges":[{"badgeId":"972123088c9646f7b6091ae0662215be-3","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000}],"fanSize":2661,"starInvestorFlag":false},"themes":[{"themeId":"df673f0b1a6e4dadad21df45e89682a2","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"Circle Crashes 17.55% — Is Bitcoin Below $60K a Buying Opportunity?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":df673f0b1a6e4dadad21df45e89682a2}&rnconfig={\"headerBarHidden\": true}","description":"Circle plunged 17.55% today after Stripe, Visa, and BlackRock jointly backed a new open USD stablecoin, directly challenging Tether and Circle's USDC for market dominance. The stablecoin sector had only just attracted renewed enthusiasm following regulatory clarity via the CLARITY Act — now major incumbents are building competing products, dealing a frontal blow to Circle's moat. Is this selloff an overshooting opportunity to buy the dip, or the beginning of a fundamental shift in the sector's leadership thesis?","image":"https://community-static.tradeup.com/news/f4820dd391ac351d0d54853f042ec9d2"}],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><a href=\"https://ttm.financial/S/CRCL\">$Circle Internet Corp.(CRCL)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;\n<p><br></p>\n<p>Circle Internet shares fell 5% Tuesday morning after Bloomberg reported that Visa, Stripe and more than 100 other financial firms are joining forces to launch a new stablecoin venture.</p>\n<p>The new initiative, known as Open Standard, will issue its own US dollar-backed stablecoin called Open USD, according to a blog post shared with Bloomberg News. Supporters of the venture include Visa Inc., Stripe Inc., Bank of New York Mellon Corp., BlackRock Inc., Klarna Group Plc, Chime Financial Inc., Alphabet Inc., and Coinbase Global Inc.</p>\n<p>Circle Internet shares continued to be oversold in the market.</p>\n<p><br></p>\n<p><br></p>\n<p></p>\n<p><br></p></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/CRCL\">$Circle Internet Corp.(CRCL)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;\n<p><br></p>\n<p>Circle Internet shares fell 5% Tuesday morning after Bloomberg reported that Visa, Stripe and more than 100 other financial firms are joining forces to launch a new stablecoin venture.</p>\n<p>The new initiative, known as Open Standard, will issue its own US dollar-backed stablecoin called Open USD, according to a blog post shared with Bloomberg News. Supporters of the venture include Visa Inc., Stripe Inc., Bank of New York Mellon Corp., BlackRock Inc., Klarna Group Plc, Chime Financial Inc., Alphabet Inc., and Coinbase Global Inc.</p>\n<p>Circle Internet shares continued to be oversold in the market.</p>\n<p><br></p>\n<p><br></p>\n<p></p>\n<p><br></p></body></html>","text":"$Circle Internet Corp.(CRCL)$ Circle Internet shares fell 5% Tuesday morning after Bloomberg reported that Visa, Stripe and more than 100 other financial firms are joining forces to launch a new stablecoin venture. The new initiative, known as Open Standard, will issue its own US dollar-backed stablecoin called Open USD, according to a blog post shared with Bloomberg News. Supporters of the venture include Visa Inc., Stripe Inc., Bank of New York Mellon Corp., BlackRock Inc., Klarna Group Plc, Chime Financial Inc., Alphabet Inc., and Coinbase Global Inc. Circle Internet shares continued to be oversold in the market.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/581179150434608","repostId":0,"isVote":1,"tweetType":1,"viewCount":166,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["CRCL"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":527,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/581179150434608"}