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Open USD Challenges Circle Dominance | Business and Finance News
Description
A major shakeup in the digital currency world: 140 companies including Coinbase, Visa, Mastercard, Stripe, and BlackRock are launching Open USD, a new stablecoin designed to be open, decentralized, and business-friendly. Aimed at slashing fees, sharing reserve interest, and giving businesses governance control, it’s a direct challenge to current stablecoin models. Circle’s stock tumbled nearly 16% amid the news, while Open USD, backed by the new Open Standard group, is set to launch later this year—potentially reshaping global digital payments.
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