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The stablecoin race is entering a new phase.
Open USD is backed by 140+ companies, including major players like Stripe, Coinbase, Visa, Mastercard, and BlackRock.
But history shows that strong partnerships alone don't guarantee success.
Liquidity, network effects, developer adoption, and regulatory trust take years to build.
Circle faces real competition, yet $USDC still holds a significant advantage in infrastructure and ecosystem maturity.
Will Open USD become a real challenger, or will USDC keep its lead?
#Stablecoins #USDC. #GATEio .