Circle CEO Responds to Investor Questions on New OUSD Stablecoin
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On July 1, 2026 Circle CEO Jeremy Allaire defended USDC after the launch of consortium-backed Open USD (OUSD), citing Artemis data that USDC handled nearly 80% of on-chain stablecoin transactions. He welcomed OUSD but questioned whether a consortium model can sustain long-term growth, arguing stablecoins have decade-long network effects and winner-take-most dynamics with implications for crypto adoption, DeFi and market concentration.
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- Circle CEO Jeremy Allaire defends USDC as OUSD launches, citing decade-long network effects.
- Allaire cited Artemis data showing USDC handled nearly 80% of on-chain stablecoin transactions.
- He welcomed OUSD but questioned whether its consortium model can support long-term growth.
Jeremy Allaire, Circle co-founder and Chief Executive Officer (CEO), has addressed investor questions on the new Open USD (OUSD) stablecoin launched by a consortium, positioning it as competition while highlighting USDC’s decade-long lead. Allaire positioned stablecoins as long-term platform businesses, favoring winner-take-most dynamics while welcoming new entrants.
Circle CEO Defends USDC as OUSD Launches
On July 1, 2026, in a detailed X post, Allaire directly addressed investor questions on the newly launched OUSD stablecoin. OUSD is a dollar-pegged stablecoin launched by a consort…
Read The Full Article Circle CEO Responds to Investor Questions on New OUSD Stablecoin On Coin Edition.
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