open standard

stablecoin

2026-07-01 06:54:42

140 Giants Including Visa and Mastercard Back New Stablecoin OUSD, But Industry Sees Limited Near-Term Impact on USDT/USDC

Open Standard has launched a new stablecoin OUSD, backed by 140 major enterprises including Visa and Mastercard. OUSD employs a collaborative management model where revenue is distributed to participants, aiming to challenge the existing stablecoin landscape. However, industry analysts believe OUSD is unlikely to disrupt the dominance of USDT and USDC in the near term, though this move signals traditional finance's deep engagement with stablecoin infrastructure and could boost global stablecoin adoption.

1320

OUSD

2026-07-01 06:54:42

Open Standard Launches OUSD Stablecoin with 140 Corporate Backers, Including Visa and Mastercard; Market Impact Seen as Limited

On July 1, 2026, Open Standard launched its stablecoin OUSD, backed by 140 enterprises including Visa and Mastercard. OUSD adopts a collaborative governance model that distributes protocol revenues to holders, aiming to challenge the dominance of USDT and USDC. However, analysts believe OUSD will not meaningfully disrupt the current stablecoin market in the near term, despite the strong traditional finance involvement. The move highlights traditional finance's growing engagement with stablecoin infrastructure.

1290

stablecoin

2026-07-01 06:54:42

Visa, Mastercard and 140 Other Giants Launch New Stablecoin OUSD; Market Impact Seen as Limited

Open Standard has launched a new stablecoin OUSD backed by 140 companies including Visa and Mastercard, featuring collaborative governance and revenue sharing. Despite the strong consortium, analysts believe OUSD will struggle to challenge USDT and USDC's dominance in the near term. The move signals traditional finance's growing engagement with stablecoin infrastructure which could boost global adoption over time.

1230

OUSD

2026-07-01 06:54:42

Visa and Mastercard Join 140 Firms to Launch OUSD Stablecoin: Limited Impact on Market Expected

Open Standard has launched a new collaborative stablecoin called OUSD, backed by 140 enterprises including Visa and Mastercard. OUSD distributes network earnings to participants, challenging existing centralized stablecoin models. Despite strong institutional support, analysts believe OUSD will struggle to dethrone USDT and USDC's dominance in the short term. The move signals traditional finance's deeper involvement in stablecoin infrastructure and could boost global stablecoin adoption rates.

1200

OUSD

2026-07-01 06:54:42

Visa, Mastercard and 140 Giants Back New Stablecoin OUSD, Limited Market Impact Expected

Open Standard has launched a new stablecoin, OUSD, backed by 140 enterprises including Visa and Mastercard. OUSD adopts a collaborative management model and distributes earnings to participants, aiming to challenge the existing stablecoin landscape. However, industry insiders believe that despite strong backers, OUSD will find it difficult to disrupt the dominance of USDT and USDC. The move signals traditional finance's active involvement in stablecoin infrastructure, potentially boosting global adoption.

1260

Open USD

2026-07-01 05:31:54

Open Standard Launches Open USD with 140 Giants, Circle's CRCL Plunges Over 17%

Open Standard announces the launch of a new dollar stablecoin, Open USD, backed by 140 payment, finance, tech, and crypto giants including Visa, Mastercard, BlackRock, Google, and Coinbase. With innovative mechanisms such as zero-cost minting/redemption, reserve yield sharing with partners, and neutral governance, Open USD directly challenges Circle's dominant USDC market. As a result, Circle's stock CRCL plummeted over 17% in a single day.

1450

stablecoin

2026-07-01 03:31:49

Open Standard Launches Open USD Stablecoin with 140 Backers, Circle's CRCL Plunges 17%

Open Standard has announced the launch of a new dollar stablecoin, Open USD, backed by 140 payment, finance, tech, and crypto institutions including Visa, Mastercard, BlackRock, Google, and Coinbase. The stablecoin features zero-cost minting and redemption, reserve yield sharing with partners, and neutral governance, directly challenging Circle's dominant USDC. Following the news, Circle's stock CRCL fell over 17% in a single day.

1240

Circle

2026-07-01 02:31:25

Circle Stock Plunges 17.55% to Historic Lows as Open Standard Stablecoin Project Gains 140+ Backers and Russell Index Drops CRCL

Shares of Circle (CRCL), a leading crypto-concept stock in U.S. equities, slumped 17.55% on Tuesday to $62.63, nearing all-time lows. Two negative catalysts emerged simultaneously: the new stablecoin project Open Standard announced support from over 140 companies, including Visa, Mastercard, BlackRock, Coinbase, Google, and BNY Mellon, with its Open USD stablecoin slated for a 2026 multi-chain launch on Base, Solana, Stellar, Polygon, and Ripple; and the Russell Indexes removed CRCL from its Russell 1000 Growth and other growth indices after the June 26 close, triggering forced selling by passive funds tracking these benchmarks. The dual blows have intensified market concerns over Circle's competitive positioning and index-driven outflows.

1880