⚡️Brothers, there’s big news for July again! 140 giants team up to issue a coin—straight to Circle’s home turf! 😱！

Visa, Mastercard, BlackRock, Google, Coinbase, and more than 140 other giants made a major move yesterday—launching the stablecoin Open USD (OUSD). With this lineup, it’s basically like bringing half of the financial industry to the table.

Where does the sharpest blow land?
Circle (the USDC issuer)’s 2024 revenue is 99% from interest on reserve Treasuries. OUSD directly announced that all reserve earnings will be returned to partners, with free minting and redemption, and collective governance. Isn’t this basically taking away someone else’s livelihood?

As soon as the news broke, Circle’s stock price plunged 17.55% in a single day, closing at 62.63 dollars, hitting an all-time low. On-chain, on May 5, a short seller opened a 3x leveraged short position of about 2.5 million dollars at 101.65 dollars, with floating profit of 1.56 million dollars and a return rate of 114%. Macquarie immediately gave Visa and Mastercard a “beat the market” rating.

This reminds me of Facebook’s Libra in 2019—the same giant alliance, the same ambition. But this time it’s different: the GENIUS Act has already set up a regulatory framework for stablecoins, and the timing is far more mature.

Let’s talk about the big one too, $BTC ‌ 58,873 dollars—Bollinger middle band at 58,751 dollars, upper band at 59,370 dollars, and lower band at 58,132 dollars. EMA5 at 58,810, EMA10 at 58,762, and EMA20 at 58,874 are all sticking together—classic signs of an imminent trend shift. The MACD golden cross is continuing, and RSI6 is 56.81. The direction should become clear pretty soon.

Also, an investigation shows that 88% of enterprises plan to adopt stablecoins within 12 months, and cross-border payment costs will average a 35% reduction; USDT is facing today’s EU MiCA compliance deadline and may fully exit compliant European exchanges; the “CLARITY Act” is also being advanced in the Senate.

The stablecoin track is being redefined—from “who issues” to “who controls the underlying infrastructure.” The scale of OUSD’s 140-strong coalition is already rewriting the rules of the game.

What do you think about this OUSD move? Before OUSD officially launches, can the U.S. crypto bill pass? Discuss in the comments 👇
#特朗普披露超6亿美元加密收入