pagosdigital

🚨 Financial giants launch Open USD: Is this the end of Circle as we know it?
Visa, Mastercard, BlackRock, Coinbade, American Express, Google, Stripe, BNY Mellon, and more than 140 companies have just joined forces in the Open Standard coalition to launch OpenUSD (OUSD).
This isn’t just another stablecoin: it’s a structural change in the industry. The proposal is revolutionary:
• Free issuance and redemption.
• Revenue from the reserves goes
mainly to the partners (not the
issuer)
• Shared governance by the
participants.
Led by Zach Abrams (founder of Bridge, acquired by Stripe in 2024), the focus is on the “pipes”: distribution, merchant acceptance, card rails, liquidity, and compliance.
Not about competing over who mints the digital dollar, but about who gets the revenue every time that dollar moves.
Circle (issuer of USDC) fell more than 14% within hours of the announcement because it lost its reason for existing. The issuer becomes the most dispensable part of the chain. Money has always been in the infrastructure—and now the big players control it.
In short: This isn’t a fight to mint dollars; it’s a battle for the profits from the movement of those dollars. OpenUSD aims to become the neutral, open infrastructure for global payments.
#OUSD #Circle #Stablecoins #PagosDigital