The Defiant·
New York Life Investment Management is tokenizing a high-yield corporate bond strategy for the first time, partnering with Centrifuge on the NYLIM Anemoy fund settled in USDC.
Read full articleJeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, two days after the launch of the 140-plus-firm Open USD consortium sent Circle's stock down more than 17% in a single session.
Circle reportedly minted another $1 billion of USDC on Solana, adding to the network’s already large gross issuance total for 2026.
The launch of OUSD could disrupt stablecoin economics, challenging USDC's dominance and potentially reshaping the market landscape. The post Circle CEO defends USDC’s network effects amid Open USD consortium launch appeared first on Crypto Briefing.
The launch signifies growing institutional interest in blockchain, potentially reshaping financial markets and prompting regulatory scrutiny. The post New York Life, Centrifuge launch tokenized US corporate bond fund in USDC appeared first on Crypto Briefing.
Circle's dominance in the stablecoin market faces challenges as new consortium models could disrupt its revenue and strategic partnerships. The post Circle CEO defends USDC’s network effects amid Open USD consortium launch appeared first on Crypto Briefing.
Bernstein said OUSD could become the strongest new challenger to the Circle-Tether duopoly, while flagging unresolved questions around governance, operations and revenue sharing.
Open USD takes a shot at USDC and USDT, with backing from heavy hitters including Visa, Mastercard and Google.
Circle may face margin pressure if OUSD's revenue-sharing model gains traction, impacting profitability despite USDC's strong market position. The post Circle CEO Jeremy Allaire addresses challenges for Open Standard Dollar after CRCL falls 16% appeared first on Crypto Briefing.
