Crypto Scenario Insights
What happened
Market concerns regarding Open USD (OUSD) as a direct threat to USDC have softened following statements from Coinbase, Visa, and Mastercard confirming a multi-stablecoin approach.
What we think
The market likely overreacted to the announcement of Open USD, failing to distinguish between 'soft' partner commitments and actual capital allocation.
Read the analysis
Open USD vs. USDC: Is the Stablecoin Competitive Landscape Shifting?
We explain what happened and what could follow. We do not forecast prices.