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2026-07-02 15:13:03

Allaire's response is quite broad-minded. Competition is competition, but the ecosystem still needs to be built together.

View Original

CoinNetwork2026-07-02 15:10:00

Coin World News, Circle CEO Jeremy Allaire responded to the OUSD competitor backed by Coinbase and over 140 companies. He stated that the model behind Open USD is one he has tried before but encountered "endless challenges." OUSD plans to distribute nearly all profits to partners, directly challenging USDC's business model. Allaire also said that Circle will continue to support different products and infrastructure, "even if we may compete." He added: "We don't plan to slow down."

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