INSIGHTS | How the Open Standard Stablecoin Infrastructure is Challenging the Circle Payments Network Fundamentals
A consortium backed by some of the biggest names in payments, banking, and crypto has unveiled a new dollar-pegged stablecoin network that directly challenges Circle’s business model by shifting the economics of stablecoin issuance from issuers to distributors. The initiative, called Open USD, is supported by more than 140 companies, including Stripe, Coinbase, Visa, Mastercard, BlackRock, Google, Ripple and BNY, and is expected to launch later this year. INTRODUCING | Leading Global Payments, Banking Firms Launch the Open USD […]
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- Added to TxFlows
- 2026-07-01 13:14 UTC
- Updated
- 2026-07-02 19:30 UTC
- As of
- 2026-07-17 00:48 UTC
What happened
- INSIGHTS | How the Open Standard Stablecoin Infrastructure is Challenging the Circle Payments Network Fundamentals
- STABLECOINS | Circle CEO Says USDC’s Network Scale Gives it an Edge as OUSD Enters Crowded Stablecoin Race
Why it matters for stablecoins
Reviewed BitKE reporting on Payments matters for Stablecoin payments readers.
Timeline
Publisher published the item
BitKE reported the item at 2026-07-01T06:00:00.000Z.
Publisher published the item
BitKE reported the item at 2026-07-01T14:00:26.000Z.
Sources
This event appears in Payments & Adoption because 2 public sources support the summary. TxFlows classifies the evidence as reported news and reported news, with a standard reporting trust tier. Publisher links are shown only when the URL is safe to expose.
Compiled from the public source documents and reporting listed below.