Crypto Scenario Insights
What happened
Circle CEO Jeremy Allaire stated that Open USD's (OUSD) 140+ corporate backers are only relevant if the stablecoin achieves significant, regulated transaction flow.
What we think
The most likely scenario (50% probability) is that OUSD will face significant challenges in displacing USDC's entrenched network effects, despite its 140+ partners.
Read the analysis
Open USD Challenges USDC Network Effect: Can Backers Translate to Flow?
We explain what happened and what could follow. We do not forecast prices.