Open Standard Challenges Circle With Yield-Sharing Stablecoin

The upcoming launch of Open Standard ’s Open USD (OUSD) stablecoin could pose an “existential threat” to Circle ’s USDC , but it depends on how things play out, a CoinShares analyst said Monday (July 13). In a note posted Monday, CoinShares Senior Ethereum Research Associate Luke Nolan wrote that one of the potential strengths of OUSD is that it is backed by more than 140 partners . Another is that the stablecoin’s model plans to share reserve income with the partners that distribute it, minus a