Open USD Stablecoin Puts Circle And Tether On Notice
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◌ Single Source
The stablecoin market has a new heavyweight challenger, and it is not arriving as a single issuer trying to outmuscle Tether or Circle alone.
Key facts
- Open Standard says Open USD is designed for the internet economy, with more than 140 businesses signed up around the project
- None of this means Open USD can quickly displace USDT or USDC
- This article was written by the News Desk and edited by Samuel Rae
- But Open USD does not need to replace them overnight to matter
Summary
For more details, visit the official Joinopenstandard platform. Open Standard says Open USD is designed for the internet economy, with more than 140 businesses signed up around the project. That is a direct challenge to the current stablecoin order. Most new stablecoins face the same problem: no one needs them yet.