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There's another major move in the stablecoin space.
Visa, Mastercard, Coinbase, and over 140 other companies have jointly launched a new dollar-pegged stablecoin called Open USD.
The most interesting part is that it's not just another "new USDT/USDC" — the goal is to turn stablecoins into the infrastructure for payment networks, with no minting or redemption fees, and reserve yields shared with partners.
This puts direct pressure on Circle. The real war in the stablecoin track may have just begun.