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Crypto

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

Circle shaken by OpenUSD debut as Wall Street says selloff overdone

Circle shares fell sharply on worries that a new stablecoin, OpenUSD, could intensify competition, but Wall Street said the selloff looked overdone. ClearStreet said OpenUSD has partners comparable to major stablecoins but has yet to show evidence of meaningful adoption. Circle CEO Jeremy Allaire highlighted USDC\'s scale and said OpenUSD would not have that base at launch. USDC ranks second among stablecoins by market value.

Crypto

Circle CEO says USDC is 10-year infrastructure, raises questions over OUSD business model

Circle CEO Jeremy Allaire (제러미 알레어) stressed USDC’s network advantage as a new stablecoin, OUSD from Open Standarder, emerges. He said USDC’s decade-built integrated network, liquidity and regulatory infrastructure provide a structural edge over new stablecoins. Allaire described stablecoins as a platform business driven by network effects and ongoing investment. He also questioned OUSD’s model, citing concerns over free issuance and redemption and partner revenue sharing.