USDC
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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.
June 05, 2026 09:58