Circle CEO says Open USD must break USDC’s network effect before its 140 backers matter
Circle CEO Jeremy Allaire used Open USD’s launch to draw a harder line around USDC’s moat: a partner-owned stablecoin can challenge Circle only if its distribution becomes live, regulated transaction flow. His July 1 response followed Open Standard’s June 30 announcement of Open USD. The launch post said more than 140 businesses had signed up…