Circle stock tumbles as banks and payment giants back new stablecoin Open USD

Some of the biggest names in finance and beyond are joining forces to back the Open USD stablecoin.

Stablecoin freeze delays expose vulnerabilities in compliance, risking regulatory backlash and enabling illicit actors to exploit transaction gaps. The post Stablecoin freezes have a front-running problem, and Veda’s TuongVy Le is sounding the alarm appeared first on Crypto Briefing.

The forthcoming Open USD has more than 100 major supporters onboard, including Coinbase—a key backer of Circle’s USDC.

BlackRock, Coinbase, Ripple, Mastercard, and more than a dozen financial firms have partnered to launch OUSD, a new stablecoin that distributes reserve earnings to participating institutions through a shared governance model. Open Standard announced that OUSD is scheduled to launch…

UK 1% capital floor for stablecoin issuers undercuts EU MiCA’s 2% as the BoE requires 30% reserves at the central bank and up to 70% in short gilts.

Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to move money across borders without the fees that come with most existing tokens. Open Standard, the independent company set up to run the project, announced Open USD on Tuesday. The coin is designed for businesses […]

A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are designed to flow to the businesses that adopt it rather than to a single issuer.

MetaMask has launched Money Account, a self-custodial stablecoin account on Monad that combines automated yield of up to 4% variable APY, direct spending, and integrated trading through a single balance. According to a press release shared with crypto.news, the new…