OUSD vs $USDC — the gloves are off.
Visa + BlackRock just dropped OUSD, a new stablecoin gunning for Circle's throne. Circle's stock? Down 12.7% immediately. Alex Witt calls it a "structural break" — OUSD's distribution muscle is no joke.
But Circle CEO Jeremy Allaire isn't backing down. His take: stablecoins are winner-take-most markets. Consortia-backed products? They historically starve infrastructure and fail to scale.
The real question: Does institutional firepower beat first-mover network effects?
This isn't just a product launch. It's a fight for the backbone of crypto payments. Watch liquidity flows closely — whoever captures DEX/CEX volume first wins the long game.
Visa + BlackRock just dropped OUSD, a new stablecoin gunning for Circle's throne. Circle's stock? Down 12.7% immediately. Alex Witt calls it a "structural break" — OUSD's distribution muscle is no joke.
But Circle CEO Jeremy Allaire isn't backing down. His take: stablecoins are winner-take-most markets. Consortia-backed products? They historically starve infrastructure and fail to scale.
The real question: Does institutional firepower beat first-mover network effects?
This isn't just a product launch. It's a fight for the backbone of crypto payments. Watch liquidity flows closely — whoever captures DEX/CEX volume first wins the long game.