Visa CEO：将保持多币种及多链策略，目标是帮助客户大规模接入稳定币生态系统
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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.
OUSD claims that over 140 companies participated, but several South Korean companies, including Samsung Electronics, stated that they had not formally negotiated with the issuer.
BlockBeats reported on July 3 that Open Standard, a global stablecoin consortium, recently announced the launch of its USD stablecoin, OpenUSD (OUSD), with over 140 global financial and payment companies, including Visa, Mastercard, BlackRock, Samsung Electronics, and Dunamu, participating. The token is planned for launch within the year. However, several South Korean companies stated that they have not had formal negotiations with the OUSD issuer. A Samsung Electronics representative stated, "There have been no formal negotiations, and we don't know what role we will play in the consortium." Shinhan Financial Group, Dunamu, and K Bank also stated that Open Standard inquired about their interest in participating, and the companies only responded that they could conduct a simple evaluation, but their names were subsequently added to the consortium's member list. One company representative stated that they only learned of their company's inclusion in the OUSD consortium through the news, and "they only gave a perfunctory reply to Open Standard's inquiry about their participation, saying they would consider it if things went smoothly," adding that they were confused about being included on the member list. OUSD adopts an open infrastructure model, aiming to be jointly operated by companies that actually provide payment, remittance, and settlement services. According to the introduction, participating companies can mint 1 OUSD after depositing $1 into the Open Standard reserve account; after returning 1 OUSD, they can redeem $1 from the reserve account. OUSD alliance participants can mint and redeem OUSD without fees or restrictions, and the plan is to distribute the proceeds from reserve utilization to network participants after deducting a small management fee. (ChosunBiz)
Samsung Electronics and Dunamu, among other companies, stated that they have never negotiated matters related to OUSD.
According to Foresight News , citing the Chosun Ilbo, Samsung Electronics, Dunamu (Upbit's parent company), Shinhan Financial Group, K Bank, and other companies stated that they have never consulted on matters related to Open USD (OUSD). A Samsung Electronics representative stated, "There have been no formal consultations, and we don't know what role we would play (in the alliance)." Shinhan Financial Holdings, Dunamu, and K Bank also stated that Open Standard inquired about their willingness to participate in OUSD, and they only indicated that they would "have a brief discussion," yet their names were included in the alliance member list. According to a previous report by Foresight News , the stablecoin consortium Open Standard will launch the stablecoin Open USD. Features of this stablecoin include free minting and trading, partner-shared reserve asset returns, and collaborative governance by participating institutions. Currently, participating institutions in the consortium's stablecoin project include Visa, Stripe, Mastercard, BlackRock, Bank of New York, Standard Chartered Bank, Google, Samsung Electronics, IBM, Shopify, Coinbase, Tempo, Bybit, Bitget Wallet, Solana, OKX, and Ripple.
Bitwise CEO: OUSD announcement is most likely to benefit the category and its leaders.
According to Odaily Odaily, Bitwise CEO stated in an article on the X platform that the most likely outcome of the OUSD announcement is that the entire sector and its leaders will benefit. As product choices become more diversified and more companies invest resources in driving industry adoption, the overall market will expand further, rather than becoming a zero-sum game.
AVAX One Technology CEO Jolie Kahn has resigned, and COO Pete Wylie has taken over as interim CEO.
According to Foresight News , SEC filings show that Jolie Kahn, CEO of Bitcoin mining and AVAX treasury company AVAX One Technology (NASDAQ: AVX), officially resigned on July 3. Chief Operating Officer Pete Wylie has been appointed interim CEO while continuing to serve as COO. The board has commissioned global executive search firm ZRG Partners to begin the selection process for a permanent CEO. Under the severance agreement, Kahn will receive $160,000 in cash compensation, medical insurance reimbursement, and $250,000 worth of unregistered common stock. AVAX One's business encompasses AI and high-performance computing data center construction, Bitcoin mining (currently with a hashrate of approximately 300 PH/s), and Avalanche treasury management.
Ant Financial, Edfin Financial, and Panrui Capital signed a memorandum of understanding on cooperation in new energy and blockchain finance.
According to Foresight News , citing Aastocks Finance, Ant Financial, Edfin Financial, and Panrui Capital have signed a memorandum of understanding to jointly explore blockchain applications in Hong Kong's green energy sector, leveraging the decentralized and traceable characteristics of blockchain technology to enhance the transparency of ESG and green projects.