Defi
Open USD poses biggest threat yet to Circle's USDC, CoinShares says
CoinDesk·July 15, 2026·1 min read
CoinShares says the consortium-backed Open USD stablecoin poses the biggest threat yet to Circle's USDC. Open USD would share reserve income with partners instead of the issuer, pressuring Circle's margins if it debuts in 2026. The stablecoin's model could disrupt the current market dynamics for USD-pegged tokens.
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