“Owned by Everyone, Built by No One”: Ark Invest Skeptical of Open USD Consortium Model
Covered by 2 sources · 2 articles
2 outlets - including Crypto and Crypto-economy - are covering this story. Tether and Circle built their businesses by keeping the interest on the dollars behind their coins. A new kind of stablecoin, run and owned by a group instead of a single company, shares that money instead. Here is how the…
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What is a consortium stablecoin? Open USD model
Tether and Circle built their businesses by keeping the interest on the dollars behind their coins. A new kind of stablecoin, run and owned by a group instead of a single company, shares that money instead. Here is how the…
“Owned by Everyone, Built by No One”: Ark Invest Skeptical of Open USD Consortium Model
L;DR: Circle shares (CRCL) recorded a 16.5% drop on June 30, 2026, trading at a low of $63.10 after the market open. The Open Standard consortium, made up of more than 140 firms such as Coinbase, Blackrock, and Visa, presented the new stabl…