{"id":74772,"date":"2026-06-30T22:02:39","date_gmt":"2026-06-30T22:02:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-researcher-doubts-open-usd-can-beat-circle-after-16-stock-drop\/"},"modified":"2026-06-30T22:02:39","modified_gmt":"2026-06-30T22:02:39","slug":"ark-invest-researcher-doubts-open-usd-can-beat-circle-after-16-stock-drop","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-researcher-doubts-open-usd-can-beat-circle-after-16-stock-drop\/","title":{"rendered":"Ark Invest Researcher Doubts Open USD Can Beat Circle After 16% Stock Drop"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Circle shares fell 16.5% on June 30, 2026, after Open Standard unveiled the OUSD stablecoin.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coinbase and Blackrock are among 140 backers of OUSD, pressuring Circle\u2019s USDC reserve income.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Circle\u2019s Coinbase distribution deal renews in August as OUSD targets a launch later in 2026.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>The stock <a href=\"https:\/\/www.tradingview.com\/symbols\/NYSE-CRCL\/\" target=\"_blank\" rel=\"noopener noreferrer\">CRCL<\/a> closed down approximately 16.5%, trading as low as $63.10 after opening near $72.46. The prior close on June 29 was $75.96. The drop marks one of the sharpest single-day declines since Circle\u2019s listing and extends a pullback from earlier 2026 highs near $129. CRCL has also shed more than 40% over the last 30 days, according to logged data.<\/p>\n<h2>A Stablecoin Built to Undercut Circle<\/h2>\n<p>The new token, <a href=\"https:\/\/news.bitcoin.com\/140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin\/\">reported<\/a> on by <span>Bitcoin.com<\/span> News earlier in the day, called Open USD or OUSD, comes from an independent entity named Open Standard. It charges no mint or redeem fees, sets no <span>volume<\/span> caps, and shares reserve yields with partners. A partner board governs the project instead of a single issuer.<\/p>\n<p><\/p>\n<p>Zach Abrams, co-founder of Bridge, the payments company Stripe acquired, leads the effort on an interim basis. Backers span payments networks, banks and <span>crypto<\/span> firms, including BNY Mellon, U.S. Bank, Ripple, Google, and Shopify. OUSD is expected to go live later in 2026 on chains including <span>Solana<\/span>, Stellar, Base, and Polygon.<\/p>\n<h2>Why Circle\u2019s Business Model Is Exposed<\/h2>\n<p>Circle earns most of its revenue from interest on the Treasuries backing USDC reserves, a roughly $73 billion to $74 billion <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a>. OUSD pushes that yield back to partners instead of keeping it for the issuer. That structure removes the economic reason many businesses tolerate Circle\u2019s fees.<\/p>\n<figure id=\"attachment_827545\" aria-describedby=\"caption-attachment-827545\" style=\"width:1320px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-827545 size-full\" title=\"Ark Invest Researcher Doubts Open USD Can Beat Circle After 16% Stock Drop\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-30-at-4-28-20-pm.png\" alt=\"Paolo Ardoino X post. \" width=\"1320\" height=\"318\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-30-at-4-28-20-pm-300x72.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-30-at-4-28-20-pm-1024x247.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-30-at-4-28-20-pm-768x185.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-30-at-4-28-20-pm.png 1320w\" sizes=\"auto, (max-width: 1320px) 100vw, 1320px\"\/><figcaption id=\"caption-attachment-827545\" class=\"wp-caption-text\">Tether CEO Paolo Ardoino sharing his thoughts on OUSD on X.<\/figcaption><\/figure>\n<p>Coinbase\u2019s role stands out. Circle paid Coinbase close to $908 million in 2024 for USDC distribution, and that revenue-sharing agreement renews in August. Coinbase backing a yield-sharing rival adds pressure to that negotiation.<\/p>\n<h2>Skepticism From Wall Street<\/h2>\n<p>Lorenzo Valente, Director of Digital Asset Research at Ark Invest, called the announcement a familiar pattern. He pointed to past consortium attempts like Diem and the Global Dollar Network and said a board representing 500 competing firms moves too slowly to challenge issuers that can ship products on their own.<\/p>\n<p>Valente also questioned the funding model. He estimated that at $10 billion in supply and a 25 basis point share, Open Standard would generate around $25 million a year, far short of what it costs to fund partner rebates and settlement infrastructure. \u201cI\u2019d bet on the two operators who can ship unilaterally over a committee that has to ask 500 rivals for permission,\u201d he <a href=\"https:\/\/x.com\/LorenzoARK\/status\/2071997238713127404?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> on X.<\/p>\n<h2>What Comes Next<\/h2>\n<p>USDC still holds advantages in <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a>, regulatory standing, and existing exchange integrations. New <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> have historically struggled to win meaningful market share quickly, and OUSD is not live yet.<\/p>\n<p>Circle has not issued a detailed public response. CEO Jeremy Allaire has previously pointed to USDC\u2019s reliability and established position when competitors have entered the market.<\/p>\n<p>The <a href=\"https:\/\/news.bitcoin.com\/landmark-first-coinbase-brings-stablecoin-funding-to-europes-regulated-mutual-funds\/\">stablecoin<\/a> sector overall has grown past $300 billion, with <a href=\"https:\/\/buy.bitcoin.com\/?utm_source=News\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">USDT<\/a> near $184 billion and USDC near $74 billion. Citi has projected the broader market could reach $4 trillion by 2030, a backdrop that explains why payments giants and banks are willing to back a structurally different model even before it launches.<\/p>\n<p>Traders watching Circle stock will likely focus on the August renewal of the Coinbase distribution deal and any public comments from Circle as OUSD moves toward launch.<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: 140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><img alt=\"140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"(max-width: 768px) calc(100vw - 18px)\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-760x428.png&amp;w=1920&amp;q=75\"\/><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: 140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: 140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2F140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/ark-invest-researcher-doubts-open-usd-can-beat-circle-after-16-stock-drop\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Circle shares fell 16.5% on June 30, 2026, after Open Standard unveiled the OUSD stablecoin. Coinbase and Blackrock are among 140 backers of OUSD, pressuring Circle\u2019s USDC reserve income. Circle\u2019s Coinbase distribution deal renews in August as OUSD targets a launch later in 2026. The stock [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74772"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74772"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74773"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}