Circle Internet Group (NYSE: CRCL) stock came under heavy pressure as investors reacted to two major developments that weighed on sentiment. CRCL shares tumbled 16.55% to around $62 on June 27 after the company was removed from several Russell Growth indexes while also facing mounting competition from the newly launched Open USD (OUSD) stablecoin alliance. The Russell annual reconstitution on June 26 removed Circle from the Russell 1000 Growth, Russell 3000 Growth, and Russell Midcap Growth indexes. The change prompted passive funds and institutional investors that track these benchmarks to… Read more






