《The Impact of OUSD on Circle, Tether, and Paxos: Not Just a Single Bearish Factor, but a More Complex Competitive Reshaping》 (Author: @HadickM) OUSD doesn’t equal a “death sentence” for Circle: If Coinbase restructures its contracts, net income could potentially double; the Stripe ecosystem might position OUSD as the default stablecoin, but migration would require incentives. OUSD could also disrupt the market positioning of USDC, USDT, and Paxos, with a particularly significant challenge for Paxos. Circle needs to accelerate the development of payment/fintech products and consider defensive acquisitions. Overall, the outlook is nuanced, and the competitive landscape is still evolving. Read the full article: https://www.(wublock123.com)/articles/article-59176