Global Consortium Launches OUSD Stablecoin on June 30; Circle Stock Falls 17.5%

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According to industry reports, the Open Standard consortium launched Open USD (OUSD) stablecoin on June 30, backed by over 140 global financial and tech companies including Visa, Mastercard, Google, IBM, Coinbase, and Solana. OUSD differs from USDC and USDT by sharing reserve asset yield with participating members and eliminating transaction fees. Circle's stock price dropped 17.5% following the announcement, reaching four-month lows, as investors expressed concern that OUSD's revenue-sharing model could erode its core business. However, securities analysts at NH Investment Securities noted that concerns over rapid USDC market share loss are premature, citing uncertainties around participant engagement levels and ecosystem development.
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