Bernstein said OUSD could become the strongest new challenger to the Circle-Tether duopoly, while flagging unresolved questions around governance, operations and revenue sharing.
Cointelegraph•Cointelegraph by Ezra Reguerra1 JulAnalysts still projected that Circle stock could double to $120.
AMBCrypto•Benjamin Njiri1 Jul
OUSD, which borrows heavily from Hyperliquid’s USDH playbook, is a new stablecoin that a consortium of more than 140 companies will operate.
Protos•Aaron Wise1 Jul
OUSD's entry could force Circle to rethink its revenue model, impacting stablecoin market dynamics and enterprise payment strategies.
CryptoBriefing•Editorial Team1 Jul
Circle may face margin pressure if OUSD's revenue-sharing model gains traction, impacting profitability despite USDC's strong market position.
CryptoBriefing•Editorial Team1 Jul
Circle’s CRCL fell 17.5% to $62.63 after Russell Growth removals and Open USD launch fueled fresh USDC competition fears.
Circle's removal from key indexes may lead to reduced liquidity and increased volatility, impacting its market perception and investor confidence.
CryptoBriefing•Editorial Team1 Jul
The rapid increase in USDC minting on Solana highlights the network's growing role in stablecoin markets, impacting liquidity and investor strategies.
CryptoBriefing•Editorial Team1 Jul
As MiCA delists USDT across the EU today, Circle's USDC and EURC keep their listings, and BNY just backed USDC too.
BeInCrypto•Darryn Pollock1 Jul
Circle shares fell sharply on Tuesday, after a consortium of more than 140 companies, including Visa, Mastercard, Coinbase, and Blackrock, unveiled a new stablecoin built to compete directly with USDC. The stock CRCL closed down approximately 16.5%, trading as low as $63.10 after opening near $72.46. The prior close on June 29 was $75.96. The […]
Bitcoin.com News•Jamie Redman30 Jun
Prolonged regulatory uncertainty may hinder blockchain adoption and impact crypto markets, affecting companies like Coinbase and Circle.
CryptoBriefing•Estefano Gomez30 Jun
Circle Internet Group shares have dropped more than 17% after a consortium backed by BlackRock, Google, Visa, Coinbase, and more than 140 other companies unveiled a competing revenue-sharing stablecoin. According to Yahoo Finance market data, Circle closed at $62.65 on…
William Blair reiterated its Outperform rating on Circle's CRCL stock, calling Tuesday's selloff a buying opportunity.
The Block•Kyle Baird30 Jun
The project, supported by Visa, Mastercard and many crypto companies, could be in a position to challenge Tether’s USDT and Circle’s USDC, currently the two largest stablecoins by market capitalization.
Cointelegraph•Cointelegraph by Turner Wright30 Jun
The launch of OUSD could disrupt stablecoin economics, pressuring issuers to adapt as major industry players back this new model.
CryptoBriefing•Editorial Team30 Jun
CoinDesk•Helene Braun30 Jun
The launch of OUSD by major financial players could reshape stablecoin dynamics, challenging Circle's market position and revenue streams.
CryptoBriefing•Editorial Team30 Jun
The forthcoming Open USD has more than 100 major supporters onboard, including Coinbase—a key backer of Circle’s USDC.
Bitcoin Magazine Visa, Mastercard, And Over 140 Companies Launch Stablecoin Open USD Visa, Mastercard, Stripe, Coinbase, and 140+ firms have launched Open USD (OUSD), a new yield-sharing stablecoin that aims to challenge Circle and reshape the economics of the $300 billion stablecoin market. This post Visa, Mastercard, And Over 140 Companies Launch Stablecoin Open USD first appeared on Bitcoin Magazine and is written by Micah Zimmerman .
Circle's market position is challenged, potentially reshaping the competitive landscape in the stablecoin sector and impacting investor confidence.
CryptoBriefing•Vivian Nguyen30 Jun