Open USD

Open USD's actions caused a decline in Circle's stock, but Circle's key backers continue to support USDC. The situation highlights mixed market reactions despite ongoing institutional backing.

Visa CEO avoids labeling Open USD as a challenger to Tether and USDC, stating the company will remain multi-coin and multi-chain as stablecoins proliferate.

Bernstein reduced its price target for Circle from $190 to $140 while maintaining an 'Outperform' rating. The firm attributes the diminished threat from Open USD to stable USDC supply near all-time highs.

The article discusses the emerging agentic economy, where AI agents manage commerce, and highlights the role of blockchain and stablecoins like USDC and Open USD in enabling this shift. It notes partnerships between companies such as Circle, Visa, Stripe, and consumer brands like Walmart and Starbucks, who are developing new financial infrastructure for automated transactions.

Visa has announced support for Open USD's new stablecoin platform. This development positions Circle, a major player in the stablecoin market, to face increased competition.

Mizuho downgraded Circle's stock to 'underperform' and reduced its price target to $50 due to the threat posed by Open USD. The move reflects concerns about Circle's financial outlook in response to the new stablecoin initiative.

A strategy authorizes Bitcoin sales, Open USD competes with USDT and USDC, Fidelity defends Bitcoin security, and the crypto industry increases political spending for 2026.

Open Standard launched Open USD, a stablecoin backed by over 140 financial institutions and technology partners, including Visa, Mastercard, and Stripe. The stablecoin aims to create a shared infrastructure for tokenized dollars, with governance managed collectively by a board of partner organizations. Its economic model allows partners to mint and redeem tokens at no cost while sharing reserve earnings after a management fee.

Jefferies advises against purchasing Circle's stock due to concerns over competition from Open USD. The warning highlights fears that Open USD could disrupt Circle's market position.

Open USD, a new stablecoin, is challenging existing stablecoins USDC and USDT. It is supported by major companies like Visa, Mastercard, and Google.

Circle's stock declined as Coinbase, BlackRock, and Visa announced support for the forthcoming Open USD stablecoin. Coinbase is a key backer of Circle's USDC.

Visa, Mastercard, and over 140 companies, including Stripe, BlackRock, and Coinbase, launched Open USD, a dollar-pegged stablecoin designed to redistribute stablecoin market economics. The project aims to challenge existing stablecoins like USDC and USDT by offering no fees and sharing reserve income with users, managed by an independent organization.