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Circle under pressure: Coinbase's Open USD stablecoin sinks shares
Stablecoins are the calm in crypto's storm. But for Circle, stability is now a distant memory, thanks to a new rival that tanked its shares.
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Saturday, August 1, 2026
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2 results for "stablecoin"

Stablecoins are the calm in crypto's storm. But for Circle, stability is now a distant memory, thanks to a new rival that tanked its shares.

As everyone else plays hide-and-seek with crypto, MoneyGram just built its own sandbox: MGUSD, a stablecoin designed to take over money transfers in Latin America. CEO Anthony Soohoo isn't waiting for permission — he's already eyeing how to reshape how billions of people move cash.
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