Svmuu News: Digital asset management firm CoinShares stated that Open USD directly challenges “Circle” by distributing the returns generated from its stablecoin reserves to partners, thereby undermining USDC’s distribution-based economic model.
Open USD is backed by more than 140 companies, including BlackRock, Coinbase, Mastercard, Stripe, and Visa. The stablecoin is expected to launch in the second half of 2026.
CoinShares noted that while Open USD poses competitive pressure, USDC’s established liquidity and integration infrastructure may be difficult for new entrants to replicate.
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Open USD is scheduled to launch in the second half of 2026, and its reserve revenue distribution model poses a challenge to USDC
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Source：Odaily · Source Link
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