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FintechPYMNTS · 90d ago

Open USD Just Turned the Stablecoin Race Into an Ecosystem Contest

Open USD launched on June 30, introducing a stablecoin model where multiple entities can issue the asset rather than a single issuer controlling the largest digital asset by market cap. This shifts the competitive landscape from individual stablecoin dominance to ecosystem-based approaches where reserve income and distribution mechanisms operate differently than traditional single-issuer models.

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