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Open Standard, led by Zach Abrams, launched Open USD (OUSD) on June 30, 2026, backed by a 140-firm consortium of Visa, Mastercard, Stripe, Coinbase, Google, and BlackRock. The zero-fee, yield-sharing model sent Circle stock down 17.5% as Wall Street repriced stablecoin issuer margins.
Rudy Sinigur · Jul 5, 2026
