Circle CEO Challenges Ousd Consortium Model
Jul 01 2026 12:38 UTC
➤ Circle CEO Jeremy Allaire challenges the sustainability and adoption model of the new Open USD (OUSD) stablecoin, emphasizing USDC's established network effects and infrastructure.
➤ OUSD, backed by a large consortium including Visa and BlackRock, aims to challenge the USDC-Tether duopoly by offering a greater share of reserve income, but faces skepticism regarding liquidity and partner commitment.
➤ Analysts from ARK Invest and Bernstein highlight OUSD's potential but also its challenges, including the 'cold start' problem and the complexity of coordinating a large partner network.
Read more at: https://rwatimes.io/articles/cointelegraph-circle-ceo-challenges-ousd-consortium-model-984573271?utm_source=binance
Jul 01 2026 12:38 UTC
➤ Circle CEO Jeremy Allaire challenges the sustainability and adoption model of the new Open USD (OUSD) stablecoin, emphasizing USDC's established network effects and infrastructure.
➤ OUSD, backed by a large consortium including Visa and BlackRock, aims to challenge the USDC-Tether duopoly by offering a greater share of reserve income, but faces skepticism regarding liquidity and partner commitment.
➤ Analysts from ARK Invest and Bernstein highlight OUSD's potential but also its challenges, including the 'cold start' problem and the complexity of coordinating a large partner network.
Read more at: https://rwatimes.io/articles/cointelegraph-circle-ceo-challenges-ousd-consortium-model-984573271?utm_source=binance