CryptoCoinDeskabout 2 hours ago
Open USD threatens Circle's USDC, CoinShares says
1 min read
Open USD, a bank-backed stablecoin consortium of over 140 companies including BlackRock and Visa, plans to distribute reserve income to partners, directly challenging Circle's USDC economics. CoinShares says the model could squeeze Circle's margins. USDC supply has fallen to $73 billion. Open USD targets a second-half 2026 launch.
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