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🪙 Crypto
Big Tech and Wall Street launch Open Standard stablecoin to rival Circle and Tether
A coalition of major tech companies and Wall Street firms has teamed up to launch a new stablecoin called Open Standard, positioning it as a direct competitor to Circle's USDC and Tether's USDT. The initiative represents one of the most significant challenges to the existing stablecoin duopoly. Whether Open Standard can gain meaningful market share against the entrenched leaders remains the central question.
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