Illustration of Circle CEO Jeremy Allaire discussing the Open USD stablecoin consortium.
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Circle CEO questions Open USD stablecoin consortium model

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Circle CEO Jeremy Allaire responded to the June 30 launch announcement of Open USD by arguing that the new stablecoin's more than 140 backers will only matter if it generates live, regulated transaction volume.

Global banks are integrating stablecoins like USDC into their systems to handle expanding digital asset volumes. Standard Chartered and BNY have announced new services for institutional clients this week.

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BNY, the world's largest custody bank, has expanded its digital asset platform to include USDC custody, minting and redemption services for institutional clients through its partnership with Circle.

Ijumaa, 5. Mwezi wa sita 2026, 09:58:20

Travala launches AI hotel booking protocol with USDC on Base

Jumatano, 3. Mwezi wa sita 2026, 22:26:04

Coinbase partners with Ethena to offer activity-based USDC yields

Jumapili, 17. Mwezi wa tano 2026, 23:34:14

Circle develops Arc layer-1 blockchain for stablecoins

Jumatatu, 11. Mwezi wa tano 2026, 11:31:45

Circle raises $222 million for arc blockchain amid earnings

Alhamisi, 30. Mwezi wa nne 2026, 15:06:58

Meta launches USDC payouts for creators in Colombia and Philippines

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