Visa CEO谈Open USD竞争：Visa不是只选择赢家
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Zach Abrams, co-founder and CEO of Bridge, a stablecoin company under Stripe, will temporarily serve as CEO of Open Standard.
PANews reported on June 30th that, according to Bloomberg, Zach Abrams, co-founder and CEO of Bridge, Stripe's stablecoin infrastructure company, will temporarily serve as CEO of Open Standard. Over 100 fintech companies, payment networks, crypto companies, and banks, including Visa, Stripe, BNY Mellon, BlackRock, Klarna, Chime, Alphabet, and Coinbase, have jointly established the stablecoin consortium Open Standard, planning to issue the US dollar stablecoin Open USD and integrate it into their respective systems later this year.
Circle CEO Responds to Competition Concerns Regarding OUSD: Stablecoins are Winner-Take-All! USDC's Decade-Long Network Effect Creates a Triple Moat
According to Mars Finance, on July 1st, Circle co-founder and CEO Jeremy Allaire responded to investors' questions regarding the competition from the emerging stablecoin OUSD, emphasizing that stablecoins are a business built on long-term platform and network effects, with a significant winner-takes-all characteristic. USDC's network strength stems from three barriers: First, the network effect of developer and application integration: thousands of services have integrated USDC, each integration amplifies network utility, forming a positive flywheel of developer preference and user stickiness; Second, the liquidity network effect: USDC is currently the third most liquid digital asset globally, alongside BTC and USDT, while other USD stablecoins have only one-tenth of its liquidity and are highly concentrated on promotional accounts on a single trading platform. USDC's liquidity is dispersed across dozens of exchanges, and it took nearly a decade to build this global liquidity foundation; Third, deep integration of policy and regulation: USDC is the only large-scale global stablecoin simultaneously covering Europe and Japan, and Circle continuously invests in the global banking system, reserve management, and near-24/7 liquidity infrastructure. Artemis data shows that USDC processed nearly $30 trillion in on-chain transactions in Q1 2026, accounting for 80% of all USD stablecoin transactions. Allaire addressed OUSD's core selling points point by point: First, while free minting and redemption are theoretically attractive, the market reality is that stablecoins with strong redemption capabilities, high liquidity, and zero fees naturally become exit channels for competitors. Circle addresses this issue through contractual mechanisms rather than general fee waivers. Second, while "everyone sharing the profits" sounds appealing, Circle has already distributed most of its revenue to distribution partners, while retaining sufficient revenue to continuously invest in the infrastructure that makes USDC a global utility—"distributing all revenue will only starve the infrastructure." Third, while the consortium governance model is attractive, its history of scaling and product agility is extremely poor. Large corporations often suffer from poor coordination, inconsistent incentives, and self-interest that stifles consortium operational investment. Circle attempted a similar model in the early days of USDC, encountering immense challenges even on a small scale; small, focused strategic partnerships and independently driven business partnerships almost always prevailed. Allaire also explicitly stated that Circle's stablecoin partnership with Coinbase remains strong, with both parties seeing significant opportunities to expand the USDC network. He expressed optimism about the overall growth of the stablecoin ecosystem, welcomed OUSD, and revealed that Circle is continuously expanding its partnerships with dozens of other stablecoin issuers through platforms such as Arc, CCTP, CPN, StableFX, and Agent Stack, even though some of these partners compete with Circle in other areas of their business. Last night, Open Standard announced the launch of OpenUSD, a new stablecoin backed by over 140 companies including Visa, Stripe, Mastercard, BlackRock, and Coinbase. According to BIT (bit.com) market data, Circle's stock price fell over 16% on Tuesday as a result, but has since rebounded briefly to a 1.55% gain in pre-market trading.
Possibly influenced by news of competition from OpenUSD, CRCL fell nearly 9% intraday.
According to Odaily Odaily, Circle (CRCL) fell below $70 during trading, currently trading at $69.53, a drop of 8.59% on the day, possibly influenced by news that multiple institutions, including Visa, Stripe, and Mastercard, have launched the stablecoin Open USD. Odaily Note: Open USD will be operated by an independent company, Open Standard. Open Standard's board of directors consists of Open USD's partners to ensure that decisions are made in the collective interest, not the interest of a single entity. Open USD's partners include over 140 companies such as Visa, Stripe, Mastercard, American Express, Discover, Fiserv, Adyen, Cloudflare, Corpay, and Jack Henry.
Anthropic CEO warns: Open source AI is heading down a dangerous path, with the potential for irreversible misuse.
According to Odaily Odaily, Anthropic CEO Dario Amodei, speaking to lawmakers in the US Congress, stated that the development of open-source artificial intelligence is entering a "very dangerous path." Once powerful AI models are released as open source, developers will lose the ability to effectively monitor model usage, including the inability to monitor abuse, revoke access permissions, or dynamically update security mechanisms, significantly increasing potential risks. Dario Amodei emphasized that compared to closed model systems, completely open models are more difficult to maintain and control over security governance, potentially leading to irreversible abuse risks. (BitcoinNews)
Palantir CEO: Enterprises are dissatisfied with "cutting-edge labs" like OpenAI and Anthropic, which only pursue token maximization.
According to BlockBeats, on July 2nd, Palantir CEO Alex Karp, in an interview with CNBC's "Squawk Box," strongly criticized leading AI model companies, calling the way AI is sold "completely wrong." Karp emphasized that companies are already dissatisfied with "cutting-edge labs" like OpenAI and Anthropic, believing they only pursue token maximization, wasting companies' time and money while handing over proprietary value and IP. Karp stated that companies are "angry" and will commit to owning their own AI production resources rather than relying on third parties. On June 29th, Palantir partnered with Nvidia to deploy Nvidia Nemotron open AI models in sovereign environments, primarily serving the US government and critical infrastructure customers. The collaborative system reportedly integrates Nvidia AI technology with Palantir's AIP, Foundry, Ontology, and Apollo platforms, helping organizations train, customize, and deploy AI locally while maintaining complete control over data, intellectual property, and models.
ARK Invest researchers commented on OpenUSD: Essentially similar to early DAOs, the alliance of competitors faces multiple obstacles.
According to Mars Finance, Lorenzo Valente, Research Director at ARK Invest, commented on the OpenUSD stablecoin project jointly launched by multiple institutions. He stated that despite the strength of the participants (including Visa, Stripe, Mastercard, BlackRock, Coinbase, etc.), OpenUSD faces several major obstacles: First, liquidity and cold start issues; USDC and USDT have already formed a strong network effect, dominating exchanges, payment processors, and brokers, making it difficult for new stablecoins to gain trading pairs and large-scale holding intentions. Second, the decision-making speed of an alliance of 500 competitors will be extremely slow, lacking successful precedents, and conflicts of interest will be difficult to coordinate. Third, regulatory and antitrust risks are extremely high; joint issuance of currency by large banks and card networks is likely to become a regulatory focus. Fourth, the revenue-sharing model results in insufficient capital retention for issuers, making it difficult to cover high operating and promotional expenses. Fifth, the actual commitments of partners are limited, mostly expressions of intent (LOI), with parties still supporting competitors and favoring multiple hedging rather than exclusive binding. Valente concluded that OpenUSD is essentially similar to a "multiple competing DAOs," making rapid execution and decision-making difficult, and ultimately potentially repeating the mistakes of early DAO projects that suffered from governance failures and ineffective implementation. Affected by the OpenUSD plan, Circle's US stock price plummeted by over 17% in a single day, prompting ARK Invest to take advantage of the situation and buy in.