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Open USD Challenges Circle’s Model | Bitcoin and Crypto News
Description
A new stablecoin, Open USD, just launched with heavyweight backing from Stripe, Coinbase, Mastercard, Visa, BlackRock, and 140+ companies, sending Circle’s stock plummeting 8%. Unlike traditional stablecoins that hoard reserve profits, Open USD will share earnings with users — directly attacking Circle’s core business model. Led by Zach Abrams, ex-founder of a Stripe-acquired stablecoin startup, the project aims to deliver an open, cheaper, and more business-friendly alternative. As the $300B+ stablecoin market races toward $4T by 2030, Open USD isn’t just another token — it’s a strategic push to reshape the entire infrastructure, governance, and economics of stablecoins.
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