Circle CEO Jeremy Allaire (제러미 알레어) highlighted USDC’s network advantage in response to the arrival of a new stablecoin, OUSD, offered by Open Standarder.

Cointelegraph reported on Tuesday that Allaire said on social media platform X that USDC’s integrated network, liquidity and regulatory infrastructure built over 10 years provide a structural advantage over new stablecoins.

Allaire described stablecoins as a platform business where network effects work. He explained that continued investment in expanding integrations, securing liquidity, gaining regulatory approval, building banking relationships and managing reserves creates competitiveness.

Allaire also raised questions about OUSD’s business model. He said it was unclear whether a structure that offers issuance and redemption permanently free of charge and unlimited can remain sustainable after scaling up. He added that returning almost all reserve returns to partners could weaken infrastructure.

Open Standarder announced OUSD on June 30. More than 140 payments, banking, technology and crypto companies are participating in Open Standarder’s OUSD, including Visa, Mastercard, Stripe, Coinbase, BlackRock and Google. OUSD is scheduled to launch in the second half of 2026.