Circle Internet Group (Derivatives) (CRCL)

JUST IN: @circle CEO @jerallaire has issued a statement after $CRCL fell over 16%, arguing Open Standard Dollar ($OUSD) will struggle to match $USDC’s network effects, global liquidity and regulatory reach. https://t.co/YaUMPZBkU0

Circle $CRCL has reportedly been REMOVED from five Russell Growth benchmarks. 😬

Including the Russell 1000, Russell 3000 and Russell Midcap Growth indexes. 👀

Circle stock continues to decline: removed from Russell indices!

Circle ($CRCL) was removed from the Russell 1000 Growth, Russell 3000 Growth and Russell Midcap Growth indices as part of Russell’s annual index update.

This decision could increase selling pressure in funds that track these indices.

While CRCL shares have fallen 32.8% over the past 30 days, after competitor Open Standard announced a new stablecoin Open USD with support from financial companies, it fell another 16.55% today to $62.