140 Industry Giants Launch OUSD Stablecoin, Circle Stock Plunges 17%: Stablecoin War Enters 'Android Moment'

Over 140 global giants have jointly launched the Open USD (OUSD) stablecoin, aiming to build an open, neutral, and revenue-sharing stablecoin infrastructure that challenges Circle's USDC business model. Following the announcement, Circle's stock price plummeted 17% in a single day. Analysts note that the stablecoin competition has shifted from issuance volume to ecosystem networks and governance models, with OUSD's 'Android-like' open strategy potentially reshaping the industry landscape.