Circle co-founder appears to respond to Open USD launch: welcomes market competition, will continue to expand USDC ecosystem

Odaily Planet Daily News: Circle co-founder and CEO Jeremy Allaire posted a message seemingly in response to the launch of Open USD, stating that stablecoins are reshaping the infrastructure for money storage and transfer along with the internet, becoming one of the largest potential market opportunities globally, and emphasizing his long-term strong bullish outlook on this track.

Circle will continue to expand the USDC ecosystem by integrating more blockchain networks, improving cross-chain interoperability, and strengthening integration with the traditional financial system, including banks, payment companies, and capital market institutions, to further standardize stablecoin infrastructure. It also welcomes ongoing innovation and competition in the industry, and will focus on building more complete stablecoin infrastructure while enhancing partners' ecological participation and economic reward mechanisms, aiming to promote the development of a "stablecoin-native internet financial system."

Previously, news suggested that influenced by the Open USD competition news, CRCL fell nearly 9% during trading.