[Open USD Expected to Launch in the Second Half of 2026, Reserve Revenue Distribution Model Challenges USDC] Odaily Planet Daily News – Digital asset management company CoinShares stated that Open USD generates revenue by distributing stablecoin reserves to its partners, directly challenging Circle and undermining USDC's distribution economic model. Open USD is backed by over 140 companies, including BlackRock, Coinbase, Mastercard, Stripe, and Visa. The stablecoin is expected to launch in the second half of 2026. CoinShares noted that although Open USD poses competitive pressure, the existing liquidity and integration foundation of USDC may be difficult for new entrants to replicate.