Open USD is scheduled to be launched in the second half of 2026, challenging the market position of USDC

CoinShares stated that Open USD challenges Circle and weakens USDC's distribution economy model by distributing stablecoin reserve earnings to partners. Open USD from BlackRock Coinbase、 Composed of over 140 companies including Mastercard, Stripe, and Visa, it is expected to be launched in the second half of 2026. CoinShares stated that the existing liquidity and integration foundation of USDC are difficult for new entrants to replicate.