Topic
open-usd
3 stories
Open USD stablecoin launches on Solana, backed by $1B liquidity pledge from five payments giants
Open USD, a dollar stablecoin issued by Bridge and backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live natively on Solana on September 30 with more than $1 billion pledged to liquidity.
Two Wall Street banks turn on Circle's stablecoin economics — while two others say the fear is overdone
Mizuho cut Circle to underperform with a $50 target and JPMorgan trimmed estimates, both warning that new rival Open USD and richer distributor deals will squeeze USDC's reserve-income economics; Bernstein and William Blair disagree.
Circle Loses Nearly a Fifth of Its Value as a 140-Company Consortium Unveils a Stablecoin That Shares the Yield
Circle shares fell roughly 16–17% to a four-month low below $63 after a 140-company consortium including Stripe, Coinbase, Visa and BlackRock announced Open USD, a yield-sharing stablecoin that is not yet live.