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Coinbase joins OpenUSD, raising questions over Circle\'s position

Coinbase, a key partner behind Circle\'s USDC, has joined the founding camp of new stablecoin OpenUSD (OUSD), reports said. OpenUSD says it will charge no issuance or redemption fees and share much of reserve interest with distribution partners. Circle Chief Executive Jeremy Allaire defended USDC’s network effects and cited data on its on-chain volumes. Analysts flagged cold-start hurdles, consortium coordination and regulatory risks.

Crypto

Ondo Finance adds shareholder voting rights to tokenised stocks and ETFs

Ondo Finance has added shareholder voting rights for tokenised stocks and exchange-traded funds, seeking to address a gap in shareholder rights for blockchain-based securities. Cointelegraph reported the company is working with financial infrastructure firm Broadridge to offer more than 250 holders of tokenised securities access to proxy voting, corporate disclosures and other shareholder documents. The feature will be applied with Ondo’s first U.S. custodial tokenised securities launch.

Crypto

OpenUSD aims to reshape stablecoin revenue model, compete head-on with USDC

OpenStandard has unveiled OpenUSD, a stablecoin that shares reserve income with distribution and payment partners rather than paying returns directly to holders. The project is positioned as a shared infrastructure with more than 140 named partners, including Visa, Stripe and Coinbase. Key disclosures such as supply, redemption history and reserve details have not been released, with launch expected in late 2026. The model comes as U.S. policymakers debate restricting yield on payment stablecoin balances.