Rivals Undercut Circle with Yield Stablecoin

New YorkCircle fell 8% as rivals launched Open USD, a yield-sharing stablecoin.

Open USD — backed by Stripe, Coinbase and BlackRock — lets partners keep reserve interest, striking at stablecoin issuers’ core profit mechanic.

Citi projects the stablecoin market reaching $4tn by 2030; incumbents now face a structural yield challenge.

Sources: CoinDesk