Circle Excluded from Russell's Major Growth Indices, Shares Drop 17%

Circle was excluded from five growth indices in FTSE Russell's major growth index series. The adjustment follows Russell's semi-annual rebalancing, which changed from annual to bi-annual adjustments starting in 2026. Circle's stock price fell 17% on the day of the announcement, reaching below $63, as the Open Standard stablecoin alliance launched its new stablecoin Open USD, positioning it as a competitive threat to Circle's USDC model.