After investigation, it was found that Stripe is also behind this Open USD. Specifically, Stripe previously acquired stablecoin company Bridge, and Bridge's co-founder Zach Abrams personally led the way as the founding CEO of Open USD. So on the day of the official announcement, 140 various institutions including BlackRock, Visa, MasterCard, and Google were gathered together. It's not that the project itself is great, the main reason is that Stripe has a big face and belongs to the category of "fighting for the sixth generation" 。 Of course, there are slight differences in the mechanism between Circle and Tether compared to USDC and USDT. Both Circle and Tether are single Minters, meaning that only the companies themselves can mint new stablecoins. Open this OUSD appears to be an alliance, where the governing bodies within the alliance can mint and share the profits from the funding pool. Of course, it is impossible for all 140 institutions to have the governance power of the alliance, and it is estimated that some of them are also included. Actually, I have mentioned many times before that Tether and Circle have been making a lot of money by stealing interest here, but they cannot keep it forever. Now, the strategy of yielding profits has emerged. Previously, Tether and Circle received their own interest and then subsidized the institutions they wanted to subsidize (such as BN and CB) in exchange for adopting their stablecoins. Subsidies and salaries are the main expenses on the financial reports of these two institutions. Now OpenUSD will directly distribute the interest to the governance members of the alliance, and these members will automatically adopt it without much subsidy. Of course, it's not that Open USD will establish consortium chains. Their stablecoins are still issued on public chains. Currently, the most likely ones include: Solana、Base、Polygon， Of course, it definitely includes Tempo. Tempo is also a stablecoin public chain incubated by Stripe and Paradisam, another son of Stripe.