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A7A5 claims crypto data providers understate its trading activity, while blockchain analytics firms say the ruble-backed token's volumes have fallen sharply this year.
A number of South Korean firms, including Samsung, reportedly haven't agreed partner with stablecoin newcomer Open USD. The post Open USD is lying about its 149 partnerships, report appeared first on Protos.
Samsung and Dunamu are among Korean firms saying they were listed as members of the OUSD stablecoin consortium without prior consultation.
Upbit said it only expressed interest in potentially joining the OpenStandard ecosystem in the future, as several South Korean firms distanced themselves from the OUSD initiative.
Standard Chartered is the first Global Systemically Important Bank authorized to let institutions mint and redeem Circle's USDC.
Circle dropped 1% today after falling nearly 18% on Tuesday following the launch of the rival stablecoin project OUSD.
Analysts don't think the threat of a new stablecoin launch was enough to warrant a major Circle (CRCL) sell-off on Tuesday.
A new stablecoin venture backed by some big financial institutions is launching.
The investment bank said new competition from the Stripe- and Coinbase-backed stablecoin consortium could pressure USDC's growth.
EURXT debuted with 20 million tokens in circulation, backed 1:1 by euro reserves at Caceis Bank, and competes with Circle's EURC and SocGen's EURCV.
The post LINE NEXT to Launch Stablecoin Payment Service in Q3 appeared first on Coinpedia Fintech News LINE NEXT, an affiliate of LINE Yahoo, plans to launch its Unifi Pay stablecoin payment service globally in the third quarter and has opened developer pre-registration. Built on the Unifi wallet, t
Open USD takes a shot at USDC and USDT, with backing from heavy hitters including Visa, Mastercard and Google.
Bernstein said OUSD could become the strongest new challenger to the Circle-Tether duopoly, while flagging unresolved questions around governance, operations and revenue sharing.
OUSD, which borrows heavily from Hyperliquid’s USDH playbook, is a new stablecoin that a consortium of more than 140 companies will operate. The post OUSD stole Hyperliquid’s homework — then hit Circle with it appeared first on Protos.
Crédit Agricole’s CACEIS launches a euro-pegged stablecoin on Ethereum with 20.02 million tokens issued, targeting institutional flows and tokenized fund access.
Strategy's latest plan includes MSTR and STRC buybacks, expanded cash reserves and even potential Bitcoin sales. Will it be enough to defuse the overheated “death spiral” fears?
A consortium of more than 140 financial, payments and technology companies, including Visa Inc., Stripe Inc. and BlackRock Inc. is backing a new stablecoin called Open USD, taking direct aim at the market leaders Tether and Circle Internet Group Inc. The token, also known as OUSD, was unveiled by Op
The project, supported by Visa, Mastercard and many crypto companies, could be in a position to challenge Tether’s USDT and Circle’s USDC, currently the two largest stablecoins by market capitalization.
The Stripe- and Coinbase-backed stablecoin consortium can challenge Circle's business model, but analysts say building a network is harder than assembling big-name partners.
Bitcoin Magazine Visa, Mastercard, And Over 140 Companies Launch Stablecoin Open USD Visa, Mastercard, Stripe, Coinbase, and 140+ firms have launched Open USD (OUSD), a new yield-sharing stablecoin that aims to challenge Circle and reshape the economics of the $300 billion stablecoin market. This po
