When the Open Standard alliance unveiled its Open USD stablecoin, backed by more than 140 institutions including Visa, Mastercard, Stripe, Coinbase, and BlackRock, the market didn’t celebrate — it went straight for Circle’s jugular. Shares in Circle fell between 15% and 18% at one point following the announcement, a reaction that tells you everything about what investors really fear: not that USDC will lose users overnight, but that its entire revenue model is about to face structural pressure it wasn’t built to handle.
Key takeaways
The Open Standard alliance launched the Open USD (OUSD) stablecoin with more than 140 institutional backers, including Visa, Mastercard, Stripe, Coinbase, and BlackRock.
Circle shares fell 15%–18% after the announcement, reflecting investor concern over OUSD’s revenue-sharing model threatening Circle’s net interest margin business.
OUSD distributes reserve income among ecosystem partners rather than retaining it — a direct con
We współpracy z: https://en.cryptonomist.ch/2026/07/21/open-usd-stablecoin-impact/
