White House · Circle · CLARITY Act · Coinbase · Stripe · CryptoSlate
Is OpenUSD the answer to bank push back on CLARITY
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Open Standard's Open USD is trying to make the stablecoin yield fight about distribution before the token is live.
Key facts
- CryptoSlate's market pages showed a similar gap, with USDT having a far higher 24-hour trading volume than USDC, at $67 billion in exchange volume and $1.5 billion in DEX volume
- Coinbase's 2024 Form 10-K tells the other side of the same arrangement
- Section 404 of the Senate Banking Committee's Digital Asset Market Clarity Act draft would prohibit covered parties from paying direct or indirect interest or yield tied to payment stablecoin
- The company announced Open USD on June 30 as a stablecoin for global money movement
Summary
01 Open Standard unveiled Open USD, a stablecoin that shares reserve earnings with partners instead of only the issuer. 02 That model targets the economics behind USDC, where reserve income and distribution costs already shape who captures value. 03 But Open USD still lacks live supply, issuer, custodian, redemption details, leaving compliance and launch viability unresolved. The company announced Open USD on June 30 as a stablecoin for global money movement.