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FinTech IPO Index Slips as Platforms Decline and Overtake Circle’s 70% Surge  

  • The FinTech IPO Index slipped 1.3% heading into the Juneteenth holiday.
  • Circle shares surged 70% as OpenPayd and Circle partnered to offer a unified fiat and stablecoin infrastructure.
  • DeFi Development obtained a $5 billion equity line of credit and saw a 19% increase in shares.
  • Blend shares declined more than 10% following an expanded partnership with PHH Mortgage.
  • OppFi and Expensify shares both slipped 9.5%.
  • Robinhood introduced new mobile tools for active traders, leading to a 4.5% increase in shares over five trading sessions.

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