Circle's USDC Faces Challenge from New Open Standard Stablecoin

2026-07-02

Circle's USD Coin (USDC) has seen a price decline following the launch of Open USD, a new stablecoin network backed by major financial entities. The initiative aims to offer a competitive alternative by allowing partners to retain reserve income and forgo minting fees.

Source: CoinDesk

Reported by VERA Newswire.