Circle Stock Slides After Russell Index Exit, Open USD Launch 

• Circle shares fell 17.55% after its removal from five Russell Growth indexes and new competition. 
• Circle was removed from five Russell Growth indexes during the annual benchmark reconstitution. 
• Open USD debuted as a stablecoin initiative backed by Mastercard, Stripe, BNY, and others. 

Circle Internet Group shares fell sharply on June 30 as investors responded to a series of developments affecting the stablecoin issuer. The decline came as the company was removed from five major Russell Growth indexes during the annual reconstitution, while a new stablecoin consortium backed by Mastercard, Stripe, BNY, and other financial firms added fresh competitive pressure. 

Circle Shares End Session With Double-Digit Loss

Circle shares closed at $62.63 on June 30, falling 17.55%, or $13.33, during the session. After trading above $72 early in the day, the stock declined…

Read The Full Article Circle Stock Slides After Russell Index Exit, Open USD Launch  On Coin Edition.