OUSD: The Bank Alliance’s Bold but Fragile Challenge to USDC’s Throne
We didn’t see it coming—until the press release landed. A coalition of 140 financial giants, from Visa to Mastercard, BNY Mellon to BlackRock, quietly assembled behind a new stablecoin called Open USD (OUSD). The promise? Share the reserve yield with partners, instead of letting Circle keep it all.
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