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Open USD poses biggest threat yet to Circle's USDC, CoinShares says

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Open USD poses biggest threat yet to Circle's USDC, CoinShares says

The consortium-backed stablecoin would share reserve income with partners instead of the issuer, pressuring Circle's margins if it debuts in 2026.

Open USD poses biggest threat yet to Circle's USDC, CoinShares says

Source：CoinDesk

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Source：https://www.coindesk.com/business/2026/07/15/open-usd-poses-biggest-threat-yet-to-circle-s-usdc-coinshares-says