USDC (USDC)

BREAKING: The news that crashed Circle 16% is now being denied by the companies behind it. Open Standard said Tuesday it plans to launch Open USD later this year with support from more than 140 companies, including Visa, Mastercard, Google and Coinbase. It also listed several South Korean companies including Shinhan Financial Group, KB Kookmin Card, K Bank, Samsung Electronics and Dunamu as participants. Open Standard said businesses can mint and redeem Open USD with no fees or limits, while reserve income will be shared among partners, which directly threatened Circle and Tether who controls 80% of the market. Circle $CRCL stock dropped 16.5% after the news as investors feared Open USD could disrupt the stablecoin market dominated by USDC and Tether. Open USD listed 13 South Korean companies among its 140+ partners. However, several told local media they had not formally joined. A Samsung Electronics official said, "There were no official consultations, and we do not even know what role we would play."

why shouldn't you lp into a token you’re not willing to dca into? liquidity provision is often presented as a simple way to earn fees apy and all that is gucci, but the risk is usually misunderstood by many when you lp into a token/usdc pair, you are not just passively earning yield you are also agreeing to let the pool rebalance your position as price moves If the token price falls, you may end up owning more of the asset that is underperforming, in this case, the token that is why lping should be treated with the same conviction filter as buying the token outright before entering any pool, ask yourself: would i still be comfortable accumulating this token if it dropped 30%, 50%, or more? if the answer is no, the apy is probably not worth the risk

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 250,000,000 $USDC (250,111,374 USD) minted at USDC Treasury https://t.co/x3lhusmn2v