Open USD Is Not Another Stablecoin: Visa, Mastercard and Coinbase Just Started a Platform War
140+ partners back Open USD as Visa, Mastercard, Stripe, Coinbase and BlackRock rally behind a no-fee mint model. Here’s how it reshapes stablecoin rails.
Crypto Daily·
17% slide in CRCL shares followed Open USD’s launch as a 140+ partner stablecoin network returns reserve yield to participants. USDC’s moat faces a new test.
Read full article140+ partners back Open USD as Visa, Mastercard, Stripe, Coinbase and BlackRock rally behind a no-fee mint model. Here’s how it reshapes stablecoin rails.
Backed by over 140 companies, Open USD promises zero-fee minting, collaborative governance, and reserve yield sharing ahead of its launch.
Ethereum and stablecoin whale deposits rose as Santiment tracked major CEX inflows in USDe, USDG, ETH, and stETH. Ethereum and stablecoin whale deposits rose over the past 24 hours, according to Santiment’s centralized exchange data. The largest tracked deposits included Ripple USD, Ethena USDe, Global Dollar USDG, Ethereum, and staked Ethereum. Stablecoins made up a […] The post Ethereum Whales Move Millions to Exchanges as Stablecoin Activity Surges appeared first on Live Bitcoin News.
Circle’s CRCL fell 17.5% to $62.63 after Russell Growth removals and Open USD launch fueled fresh USDC competition fears.
Taiwan’s legislative branch has passed the nation’s first crypto and stablecoin rules, which aim to integrate the country with the global crypto market.
NYLIM and Centrifuge launch HYB, a tokenized U.S. high-yield bond fund settling in USDC for eligible investors onchain.
New York Life IM’s HYB tokenized high-yield fund launches with Centrifuge, settles in USDC under Reg S, and taps NYLIM’s ~$807B AUM. DeFi finally tests real credit risk.
Circle shares fell 16% after Open Standard unveiled OUSD, backed by 140+ firms with zero-fee minting and redemption. Circle shares dropped 16% after Open Standard announced Open USD, a new stablecoin for global payments and settlement. The move placed USDC’s parent company under fresh pressure. Open USD, also called OUSD, is expected to launch later […] The post Circle Stock Drops 16% After Open USD Shakes the Stablecoin Market appeared first on Live Bitcoin News.