Open USD takes on Tether and Circle with partner-owned stablecoin model
- —Open Standard will hand most of its equity to partners as USDG grows
- —Each partner's share depends on its contribution to the stablecoin's growth
- —The model contrasts with Tether and Circle, which keep issuance profits in-house
Why it matters: If it works, the model could reshape competition among stablecoin issuers and speed up USDG adoption.
Source: CoinDesk