Open Standard

Circle

2026-08-22 00:41:00

Artemis Says the Market Is Undervaluing Circle as Stablecoins Head Toward $1 Trillion

Artemis argues that Circle is being priced like a plain stablecoin issuer, even though the company is building a broader money platform for the internet. In its thesis, the firm says Circle’s first-mover advantage and network effects are being underestimated, while the stablecoin market itself could grow at a 40% CAGR and exceed $1 trillion by 2030. The note also points to Open Standard, a consortium backed by more than 140 companies including Stripe, Visa, Mastercard and Google, which sent Circle shares down 17% on the day it was announced. Artemis says that reaction may have pushed CRCL near its all-time low, but it does not see the alliance as enough to break the liquidity advantage held by Circle and Tether. The firm also laid out a valuation case centered on Circle’s payments products, its current revenue run-rate of about $2.8 billion, and a path toward roughly $5 billion in annual revenue if stablecoin supply, payments volume and Arc all scale as projected.

1530

Circle

2026-08-20 10:03:20

Why Artemis Sees a $50 Billion Case for Circle Beyond USDC

Circle is being priced like a plain stablecoin issuer, but Artemis Analytics argues that view misses the company’s deeper moat in payments and its broader ambition to become a full-stack money platform for the internet. In the note, translated and published by TechFlow, Artemis says the market reaction to Open Standard’s launch — a consortium stablecoin backed by more than 140 companies including Stripe, Visa, Mastercard and Google — showed how narrowly investors still frame Circle’s business. Circle shares fell 17% that day, pushing CRCL close to its historical low, as traders appeared to bet that a coalition model could break the Circle-Tether duopoly and redistribute stablecoin economics across members. Artemis takes the opposite side. The firm argues that stablecoins are likely to grow at a 40% compound annual rate and exceed $1 trillion in supply by 2030, while liquidity and network effects make the market structurally winner-take-most. On that basis, Circle’s lead in cross-chain, app and exchange liquidity would be hard to replicate. The report also says Circle’s valuation multiples look compressed versus payment networks and high-growth fintech peers. Using assumptions that include $1 trillion in stablecoin supply by 2030, a 20% USDC share, 2% rates, growing transaction volume at Circle Payments Network, and additional fee generation from Arc if it reaches Tron’s scale, Artemis arrives at a revenue path close to $5 billion and argues that a 10x multiple could support a $50 billion market capitalization.

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Agent Plugins

2026-08-07 08:48:05

OpenAI, Microsoft, Amazon Launch Agent Plugins as Open Standard for AI Agents

OpenAI teamed up with Microsoft, Amazon, Cursor and Vercel to release Agent Plugins 1.0.0, an open standard that packages agent skills and MCP server configuration into a shared format. Initial compatible clients include ChatGPT, Codex, Cursor, GitHub Copilot, Kiro and VS Code. Governance is deliberately decentralized, with maintainers drawn from Amazon, Cursor, Microsoft, OpenAI and Vercel, and a charter rule blocking any single vendor from holding a seat majority.

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stablecoin

2026-07-31 01:39:42

Open USD to Launch on Ethereum on Day One, Ethereum Institutional Says

Open USD, a stablecoin introduced by the Open Standard alliance, is set to go live on Ethereum from its first day of launch, according to a post from Ethereum Institutional on X. The update places Ethereum as the initial network for the project’s rollout. The post said more than 140 companies are already involved in the Open USD ecosystem. Named participants include Visa, Mastercard, Stripe, BlackRock and BNY Mellon, pointing to broad backing across payments and financial services. Foresight News had previously reported that Open Standard was preparing to launch Open USD. The stablecoin’s stated features include free minting and trading, reserve asset yield sharing for partners, and joint governance by participating institutions. No additional launch date or technical details were disclosed in the available information.

1970

Visa

2026-07-30 09:20:48

Visa CEO says stablecoin strategy will stay neutral across currencies and chains

Visa CEO Ryan McInerney said on the company’s July 28 earnings call that Visa will keep a neutral approach to stablecoins across multiple currencies and blockchains, rather than backing a single winner. He said the company’s role is to help clients connect securely to the stablecoins and networks that gain adoption. McInerney also said Visa is one of more than 140 supporting companies behind Open Standard, while stressing that this should not be read as an exclusive commitment to Open USD. The comment draws a line between Visa’s support for an industry standard effort and any suggestion that it is tying its long-term stablecoin plans to one token. Visa’s stablecoin platform, launched on July 16, initially supports Open USD. At the same time, the company said the platform will remain interoperable with its existing global settlement products. The remarks were reported by crypto.news.

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Enterprise St

2026-07-24 08:59:01

OUSD and USDGO Put Enterprise Stablecoins Into a Distribution Race

Foresight argues that enterprise stablecoins are moving out of the “coming soon” phase and into a more concrete stage defined by distribution, compliance, and real business adoption. On June 30, Open Standard unveiled Open USD, or OUSD, a project backed by more than 140 companies spanning finance, payments, technology, and crypto, including Visa, Mastercard, Stripe, BlackRock, BNY, Google, and Coinbase. The group plans to launch the stablecoin later in 2026. Separately, DefiLlama data showed that USDGO’s circulating supply crossed $1 billion on July 20, placing it among the top six compliant stablecoins by circulation and making it the largest compliant U.S. dollar stablecoin operated by an Asian stablecoin operator. The article says the key question is no longer whether enterprises want onchain dollars, but what kind of network can actually get them used. In that framing, OUSD represents a consortium model that aims to share reserve income across participating banks, payment firms, merchants, and service providers, while USDGO represents a more execution-focused model built around regulated issuance, regional distribution, and concrete enterprise use cases. Foresight says the next stage of competition will hinge less on headline supply and more on fund quality, payment usage, redemption depth, liquidity, and the ability to integrate stablecoins into treasury, settlement, and cross-border business flows.

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OUSD

2026-07-22 21:30:14

OUSD Alliance Listing Faces Scrutiny as Samsung and Dunamu Deny Formal Deals

Open USD’s alliance roster is under scrutiny in South Korea after Samsung, Dunamu and other firms said they never entered formal agreements and were only asked whether they might review participation.

1820

stablecoin

2026-07-22 20:30:14

Open Standard Coalition Unveils OUSD, Sending Circle Shares Down More Than 13% at One Point

More than 100 companies including Visa, BlackRock, Stripe, and Google have formed the Open Standard coalition to launch OUSD. The announcement pressured Circle shares, while CEO Jeremy Allaire defended USDC as the leading institutional stablecoin.

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