USDC (USDC)

🚨VISA, STRIPE, MASTERCARD, BLACKROCK AND COINBASE BACKS A STABLECOIN Dozens of major firms are reportedly joining forces on the OUSD stablecoin, with talks on revenue splits among partners, per Bloomberg. https://t.co/D30LtAZ2uP

100+ of the largest financial entities in the world are partnering to support Open USD, a new stablecoin launching later this year. https://t.co/talYAVoSsk

Circle stock is absolutely COLLAPSING. It's down 14% today! Here's why: Stripe, Coinbase, Visa, Mastercard, BlackRock & 140+ others just launched a rival stablecoin called Open USD. It charges zero minting fees & hands the reserve yield back to partners. That yield IS Circle's business model. This is an existential threat.

Every year we get our consortium style initiative around a stablecoin, we have seen this with Diem, Global dollar and now Open USD. While the set of players here is obviously potent, I remain highly skeptical any of these initiatives can hit scale. A few thoughts on OpenUSD: 1. Liquidity and the cold-start problem. USDC and USDT have massive network effects across exchanges, payment processors, and brokers. This is always repeated but it's true, there are no BTC/sofiUSD pairs to trade on any of these exchanges or markets. These are not stableocin market makers and participants are willing to hold in size, as you can’t really any them anywhere. The fair counter is that crypto markets will be far smaller than remittances or equities/bonds. Probably true, I suspect in the medium term, but those markets are still converging on the same stablecoins. Hyperliquid just struck a massive deal with USDC/Coinbase. Every tokenization initiative so far is built around the incumbents too. 2. A consortium of 500 rivals h

Every year we get our consortium style initiative around a stablecoin, we have seen this with Diem, Global dollar and now Open USD. While the set of players here is obviously potent, I remain highly skeptical any of these initiatives can hit scale. A few thoughts on OpenUSD: 1. Liquidity and the cold-start problem. USDC and USDT have massive network effects across exchanges, payment processors, and brokers. This is always repeated but it's true, there are no BTC/sofiUSD pairs to trade on any of these exchanges or markets. These are not stableocin market makers and participants are willing to hold in size, as you can’t really any them anywhere. The fair counter is that crypto markets will be far smaller than remittances or equities/bonds. Probably true, I suspect in the medium term, but those markets are still converging on the same stablecoins. Hyperliquid just struck a massive deal with USDC/Coinbase. Every tokenization initiative so far is built around the incumbents too. 2. A consortium of 500 rivals h

Agents should be able to find services, pay for them, and keep moving. A data pipeline needs sentiment analysis. It finds an API, pays per request in USDC, and classifies customer feedback automatically. https://t.co/I8jVPo3EP9

BREAKING: $CRCL is down 16.30% today after Mastercard, Stripe, BNY, and other major payments firms unveiled a rival stablecoin, Open USD. The new venture is built as shared, neutral infrastructure rather than a single company's product. It directly threatens Circle's USDC and Tether's USDT, which together dominate nearly all stablecoin volume today. Unlike Circle, the new venture splits reserve yield earnings among all its partners instead of keeping it for one issuer. Klarna, Mastercard, and Stripe were already active in stablecoins before this, Klarna launched its own in November, Mastercard acquired stablecoin infrastructure startup BVNK earlier this year, and Stripe has long embraced the technology. This adds to pressure already building on Circle. Insiders have sold roughly $225 million more than they've bought over the past 12 months, and the Fed proposed new rules on June 18 requiring stablecoin issuers to run bank style customer identification programs.

BREAKING: $CRCL is down 16.30% today after Mastercard, Stripe, BNY, and other major payments firms unveiled a rival stablecoin, Open USD. The new venture is built as shared, neutral infrastructure rather than a single company's product. It directly threatens Circle's USDC and Tether's USDT, which together dominate nearly all stablecoin volume today. Unlike Circle, the new venture splits reserve yield earnings among all its partners instead of keeping it for one issuer. Klarna, Mastercard, and Stripe were already active in stablecoins before this, Klarna launched its own in November, Mastercard acquired stablecoin infrastructure startup BVNK earlier this year, and Stripe has long embraced the technology. This adds to pressure already building on Circle. Insiders have sold roughly $225 million more than they've bought over the past 12 months, and the Fed proposed new rules on June 18 requiring stablecoin issuers to run bank style customer identification programs.