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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.

Crypto

Banks move as stablecoins grow in battle to defend digital dollars

U.S. financial firms are preparing a joint payments infrastructure that would let bank deposits be transferred directly on blockchains, as stablecoins expand. The Clearing House is pushing a system for 24-hour clearing and settlement of tokenised deposits, linking blockchain transactions to existing fiat networks such as RTP and CHIPS. The push is supported by regulatory distinctions between stablecoins and tokenised deposits, while banks focus on preventing deposit outflows.

Crypto

Galaxy Digital says U.S. CLARITY Act could pass with bipartisan support after long delay

The U.S. CLARITY Act on crypto market structure has entered a phase where it could pass with bipartisan support, as the Senate Banking Committee set revisions and a vote schedule. Galaxy Digital research head Alex Thorn highlighted the addition of the Build Now Act, backed by Senators John Kennedy and Elizabeth Warren, and said it may help secure Kennedy’s support. The revision also addresses stablecoin rewards, developer liability and oversight.