CryptoCoinDeskabout 1 hour ago
OpenUSD stablecoin threatens Circle's USDC dominance
1 min read
Circle shares slumped after the Open Standard consortium launched Open USD (OUSD), a stablecoin that shares reserve income with partners, challenging Circle's USDC. Analysts call the selloff an overreaction, noting earlier consortium-backed stablecoins like Paxos' USDG struggled. OUSD faces major questions on structure, incentives, and adoption.
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