Circle CEO responds to OUSD announcement as stablecoin competition heats up

Circle's dominance in the stablecoin market faces challenges as new consortium models could disrupt its revenue and strategic partnerships. The post Circle CEO defends USDC’s network effects amid Open USD consortium launch appeared first on Crypto Briefing.

Bernstein said OUSD could become the strongest new challenger to the Circle-Tether duopoly, while flagging unresolved questions around governance, operations and revenue sharing.

Open USD takes a shot at USDC and USDT, with backing from heavy hitters including Visa, Mastercard and Google.

Binance is updating stablecoin support for EEA users as MiCA stablecoin rules take effect across the European Union.

Taiwan mandates licenses for crypto firms under the new Virtual Asset Service Act. Stablecoin issuers need central bank and FSC approval with full reserve backing. New law imposes tougher penalties for fraud, manipulation, and unlicensed operations. Taiwan has passed the Virtual Asset Service Act, establishing its first comprehensive legal framework for cryptocurrency businesses and stablecoin […] The post Taiwan Passes Crypto and Stablecoin Bill in Major Regulatory Shift appeared first on Live Bitcoin News.

MetaMask's new Money Account pays up to 4% variable APY on mUSD stablecoin balances while letting users spend at Mastercard merchants without leaving the app. The post MetaMask Money Account: Earn 4% Yield and Spend via Mastercard appeared first on 99Bitcoins.

The FCA's crypto rulebook may enhance the UK's competitive edge in crypto regulation, potentially attracting more stablecoin issuers. The post FCA finalizes crypto rulebook, cuts stablecoin capital rules to 1% appeared first on Crypto Briefing.

Circle may face margin pressure if OUSD's revenue-sharing model gains traction, impacting profitability despite USDC's strong market position. The post Circle CEO Jeremy Allaire addresses challenges for Open Standard Dollar after CRCL falls 16% appeared first on Crypto Briefing.