🚨 The stablecoin war has officially begun. 140+ corporations are taking on Circle and Tether!
Open USD ($OUSD) has just hit the market. Behind the project is an unprecedented consortium of giants (Visa, Mastercard, BlackRock, Google, Coinbase, and yes, even Ripple) that usually fight tooth and nail.
What’s this really about? The CASH from reserves.
With $USDC, Circle pockets all the yield from US Treasury bonds. With $OUSD, that massive yield goes straight into the pockets of the 140 participating corporations. The result? Circle’s stock plummeted 15% in a single day.
The mastermind behind the architecture is Zach Abrams (CEO of Open Standard and co-founder of Bridge, which Stripe acquired for $1.1B). Day-one support is already confirmed for #Solana and Tempo (Stripe's payment chain).
⚠️ Important for XRP holders: Ripple being part of the consortium does NOT mean a price pump for $XRP. Moving stablecoins across ultra cheap networks generates mere fractions of a cent for validators.
The takeaway? The winner isn't the one with the better token it's the one who owns the payment rails and customer distribution. And those rails were just bought right out from under the market leaders.
#stablecoin #ousd #fintech
Open USD ($OUSD) has just hit the market. Behind the project is an unprecedented consortium of giants (Visa, Mastercard, BlackRock, Google, Coinbase, and yes, even Ripple) that usually fight tooth and nail.
What’s this really about? The CASH from reserves.
With $USDC, Circle pockets all the yield from US Treasury bonds. With $OUSD, that massive yield goes straight into the pockets of the 140 participating corporations. The result? Circle’s stock plummeted 15% in a single day.
The mastermind behind the architecture is Zach Abrams (CEO of Open Standard and co-founder of Bridge, which Stripe acquired for $1.1B). Day-one support is already confirmed for #Solana and Tempo (Stripe's payment chain).
⚠️ Important for XRP holders: Ripple being part of the consortium does NOT mean a price pump for $XRP. Moving stablecoins across ultra cheap networks generates mere fractions of a cent for validators.
The takeaway? The winner isn't the one with the better token it's the one who owns the payment rails and customer distribution. And those rails were just bought right out from under the market leaders.
#stablecoin #ousd #fintech