Crypto World
Strategy Plan Splits Views as MSTR, STRC Trade Mixed
Michael Saylor’s Strategy won support from some Wall Street analysts after unveiling a new capital framework, but the changes also sparked debate over the company’s long-term Bitcoin strategy and sustainability.
Benchmark Equity Research on Monday reiterated its Buy rating on Strategy’s Class A stock MSTR and maintained a 12-month price target of $570, according to a report reviewed by Cointelegraph.
Strategy’s common Class A stock, MSTR, rose 12.6% to about $92.70 on Monday, while its STRC preferred shares climbed 12.2% to around $83.70, according to TradingView and Yahoo Finance.
However, both stocks edged lower in premarket activity on Tuesday as some investors and industry observers remained skeptical about the durability of the new capital model.
What changed in Strategy’s capital framework
With its latest capital framework update, Strategy authorized potential Bitcoin (BTC) sales of up to $1.25 billion to raise capital instead of relying solely on issuing stock or debt.
The amount is equal to roughly 21,082 BTC at current prices, according to CoinGecko, or about 2.5% of the company’s total holdings of 847,363 BTC.

Source: TradingView
While Strategy has long described itself as a long-term accumulator of Bitcoin, the move is not the first time it has sold the biggest cryptocurrency. The company sold 32 BTC for $2.5 million in May 2026 and previously sold 704 BTC in 2022 as part of a tax-related transaction strategy, later repurchasing a similar amount of BTC.
Why Benchmark sees framework as positive
Benchmark argued the new framework addresses the main concerns investors had raised following weeks of volatility, giving the company more flexibility to manage its capital structure.
In the report, the research analysts said the changes transform Strategy from a “one-way” Bitcoin accumulation vehicle into an active manager of both sides of its balance sheet.

Source: Benchmark Equity Research
“The upshot is that Strategy is now an active manager of both sides of its capital structure, an approach that we view as a significant positive for its shareholders,” Benchmark’s analysts wrote.
Related: Grayscale’s Pandl says Strategy should sell $3B Bitcoin to restore confidence
Investor Simon Dedic said the move could mark a local bottom, suggesting that recent concerns around the company’s structure may have been overdone. The Moonrock Capital founder and managing partner also suggested some of the recent selling pressure may have come from Strategy preparing liquidity in advance of the update.
Skeptics question long-term implications
Not everyone viewed the new framework as a positive. Trader and investor Scott Melker said Strategy appears to be making the changes investors wanted to see, including building a larger cash reserve and adopting a more flexible capital strategy.
However, he cautioned that “only time will tell” whether the new framework restores investor confidence, adding that Strategy has been the market’s main Bitcoin buyer.
Arca chief investment officer Jeff Dorman said that Strategy may need to sell about $2 billion to $3 billion worth of Bitcoin to eliminate a “constant overhang” on the market.

Source: Jeff Dorman
Ripple CEO Brad Garlinghouse also criticized the company’s approach, arguing that “financial engineering doesn’t drive long-term value.” He told CNBC’s “Squawk on the Street” that Michael Saylor’s team “wasn’t focused on the right stuff” and that the strategy had “hurt the overall market.”
Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves
Crypto World
Major Payment Giants Visa, Mastercard, and Stripe Unite Behind New OUSD Stablecoin
Key Highlights
- Over 140 corporations including Visa, Mastercard, and Stripe support the OUSD stablecoin initiative
- Consortium-driven governance replaces traditional single-issuer control structure
- Zero-fee minting and redemption model eliminates direct transaction costs for businesses
- Primary focus includes corporate payment systems, settlement operations, and treasury management
- Major South Korean corporations like Samsung, Dunamu, and Shinhan participate in the initiative
On June 30, 2026, Open Standard unveiled OUSD with endorsement from Visa, Mastercard, Stripe, and over 140 corporate partners. This initiative focuses on enterprise-scale payment infrastructure and settlement solutions, employing a collaborative governance framework rather than centralized control. The platform offers zero-cost token issuance and redemption, potentially streamlining stablecoin adoption across corporate environments.
Collaborative Governance Model Defines OUSD Framework
Open Standard unveiled OUSD as a consortium-driven digital dollar initiative. The alliance encompasses payment processors, financial institutions, tech enterprises, cryptocurrency exchanges, and blockchain service providers. This launch bridges conventional finance with digital asset ecosystems through unified operational infrastructure.
Unlike traditional stablecoins controlled by singular entities, OUSD operates through a partner-governed board system for strategic oversight. This framework provides member organizations with meaningful input on governance matters and strategic development.
The model distributes reserve income among participating organizations following operational expenses. Consequently, partners obtain tangible financial incentives tied to broader market penetration. This arrangement encourages active promotion since member firms benefit directly from ecosystem expansion.
Leading Payment Processors Anchor Extensive Corporate Coalition
Among Open Standard’s supporters, Visa, Mastercard, and Stripe represent the most prominent payment industry players. Their participation establishes robust connections to worldwide payment infrastructure and commercial networks. This involvement reflects growing institutional appetite for stablecoin-based settlement mechanisms.
Additional consortium members feature BlackRock, BNY, Coinbase, Google, IBM, Ripple, OKX, and Standard Chartered. The roster extends to BBVA, DBS, Mizuho, MoonPay, Rakuten Group, and Crypto.com. OUSD launches with comprehensive backing spanning banking, payment processing, technology sectors, and cryptocurrency services.
South Korean members comprise Samsung Electronics, Hanwha Group, Dunamu, and Shinhan Financial Group. The Korean contingent also features K-Bank, KB Kookmin Card, Samsung Card, BC Card, and Hana Card. Hyundai Card, NH Nonghyup Card, and Woori Card complete the regional partnership lineup.
Corporate Settlement Infrastructure Emphasizes Cost Efficiency
Open Standard architected OUSD for cost-effective, high-capacity stablecoin operations. Organizations can create and redeem tokens without transaction charges, based on release specifications. This characteristic holds particular significance for payment processing, treasury functions, and settlement workflows.
The platform eliminates predetermined supply caps. OUSD circulation can grow proportionally with rising commercial demand. This methodology seeks to accommodate substantial transaction volumes without imposed supply constraints.
OUSD deployment remains planned for late 2026. Upon launch, it will compete directly with dominant stablecoins like USDT and USDC. Open Standard frames OUSD as collaborative enterprise infrastructure rather than a centrally controlled financial instrument.
Crypto World
Circle (CRCL) slides as Stripe, Coinbase (COIN) and BlackRock (BLK) back rival stablecoin network
With more institutions embracing stablecoins, the competition is increasingly shifting from issuing tokens to determining who controls the underlying infrastructure and network.
Unlike most existing stablecoins, Open USD will allow businesses to mint and redeem tokens without fees while returning reserve income to participating partners, less a management fee. Governance will also be shared among members rather than controlled by a single issuer.
The model targets one of the core economics of today’s stablecoin market. Issuers such as Circle earn revenue by investing reserves backing their tokens in short-term U.S. Treasuries and retaining most of the interest generated by those assets. Open USD instead plans to distribute that yield to participating businesses.
The approach resembles the Global Dollar Network (USDG), a stablecoin consortium led by Paxos that shares reserve income with participating firms. That network is backed by companies including Robinhood, Kraken and Galaxy Digital, and was designed to encourage broader adoption by aligning incentives between the issuer and distribution partners.
In Europe, a group of banks and payment providers launched Qivalis, a venture to develop a euro-denominated stablecoin as financial institutions seek to build shared digital payment infrastructure.
The breadth of Open USD’s backing reflects that shift. Beyond Stripe, Coinbase, Mastercard and Visa, launch partners include BNY, Standard Chartered, DBS, U.S. Bank, Shopify, Google, IBM, Mercado Pago, Fireblocks, Anchorage Digital, MetaMask, Aave, Solana, Polygon and Ripple.
Crypto World
Ripple CTO Proposes ReservedTxns to Block Front-Running on XRPL DEX
David Schwartz, co-founder of the XRP Ledger and Ripple CTO Emeritus, has proposed a two-component transaction reservation mechanism to address front-running and sandwich attack risks on XRPL’s native DEX and AMM.
The proposal, surfaced in response to concerns raised by XRP-focused analytics account XRPresso.io, introduces priority execution guarantees for users willing to pay a reservation fee, a market-integrity measure with direct relevance as institutional inflows into XRP products continue to scale.
The proposal is currently under community discussion and has not been formalized as a network amendment. That distinction matters: on the XRP Ledger, protocol changes require a supermajority of validators to vote in favor before activation, meaning Schwartz’s design carries weight but faces a defined governance process before it touches mainnet.
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How the Ripple XRP ReservedTxns Mechanism Actually Works
The scheme introduces two new protocol components. The first is a ReservedTxns ledger object, which stores a target ledger sequence number and an array of up to 32 transaction IDs.
When that specific ledger executes, any listed transactions present in the consensus set are processed first, ahead of all other transactions, after which the object is deleted. The second component is a TxnReserve transaction type, which allows a user to claim a priority slot for one or more future transactions by submitting a reservation before the target ledger closes.
Three constraints govern the TxnReserve: the reservation fee must be at least twice the standard transaction fee; the target ledger must fall within 16 ledgers of the current one; and the actual transaction must set its LastLedgerSequence to match the reserved ledger.
Those rules are not incidental, they define both the economic cost of using the system and the narrow time window in which it operates. The 16-ledger ceiling keeps reservations tightly coupled to near-term execution, preventing the mechanism from being weaponized as a general-purpose queue-gaming tool.
DoS protection is built in through dynamic fee scaling: as reservation slots fill past 16, fees step upward, reaching several multiples of the base reserve near 30 slots. Schwartz also specified that XRPL server software would hold reserved transactions and release them only close to when the prior ledger’s proposals are known, compressing the pre-execution visibility window.
“This guarantees that you can execute your transaction ahead of any transaction that was formed after your transaction was disclosed,” Schwartz said. “You would use this approach any time you want to perform a transaction that you want to ensure cannot be sandwiched or front run.”
The XRPL-Specific Front-Running Problem Schwartz Is Solving
XRPresso’s concern centers on a structural feature of the XRP Ledger: pending transactions sit in a publicly visible queue before a ledger closes, giving validators and well-connected nodes advance sight of incoming trades.
Because canonical transaction ordering on XRPL is determined by a known, deterministic formula involving transaction hashes, a sophisticated actor can submit similar transactions repeatedly to increase the probability of landing in a favorable slot relative to a target trade, the mechanistic basis for a sandwich attack on the DEX or AMM.
Schwartz acknowledged the exposure but contested the framing. He argued that all participants have equal access to the public queue, and that validators gain no structural ordering advantage unless several conspire.
“If multiple validators did conspire, or a single validator attempted it, it would be very obvious to everyone exactly who was doing this,” he said, adding that no such attempt has been confirmed outside of a proof-of-concept.
He also flagged a practical profitability constraint: extracting meaningful value requires simultaneously high liquidity (to generate volume worth targeting) and low liquidity (to move price at manageable cost), a combination rarely present on XRPL.
That argument has not fully satisfied critics, but it does distinguish XRPL’s current risk profile from Ethereum’s historically active MEV environment.

The front-running debate in DeFi is not isolated to the XRP ecosystem. Binance co-founder Changpeng Zhao proposed a dark pool perpetuals DEX last year using zero-knowledge cryptography to conceal order data until execution, an approach that drew its own criticism from decentralization advocates who argued it recreates the information asymmetries crypto was designed to eliminate.
XRPresso made a similar argument in response to Schwartz, contending that targeted confidentiality for pending transaction details would be a cleaner long-term fix than a reservation fee layer, and pointing to implementations already live on competing chains.
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The post Ripple CTO Proposes ReservedTxns to Block Front-Running on XRPL DEX appeared first on Cryptonews.
Crypto World
REAL launches confidential layer to expand institutional RWA adoption
- REAL launches private execution layer for RWA institutions.
- ZKsync tech enables confidential on-chain settlement via Ethereum.
- Platform aims to bridge the privacy gap in institutional blockchain use.
REAL has introduced a confidential execution layer designed to support regulated financial institutions operating in tokenized real-world asset (RWA) markets, addressing one of the key barriers to broader institutional adoption of blockchain-based finance.
The new layer, built using ZKsync’s Prividium technology, operates alongside REAL’s public Layer 1 network.
According to the company, it enables institutions to keep positions, allocations, and counterparty data private while still benefiting from public settlement and liquidity through Ethereum.
The company said the confidential layer is intended to provide privacy controls without compromising compliance, liquidity, or distribution, allowing institutions to participate in onchain markets while maintaining the confidentiality required for regulated financial operations.
Confidential infrastructure targets institutional needs
REAL said the new execution layer is designed to bridge the gap between public blockchain infrastructure and the operational requirements of regulated financial institutions.
While public blockchains offer benefits such as global access, instant settlement, and composability, the company noted that institutions have been reluctant to conduct business on networks where sensitive information—including positions, treasury strategies, and counterparty relationships—is publicly visible.
Because the confidential layer settles transactions on Ethereum, institutions can access the broader onchain capital market while maintaining operational privacy instead of operating within isolated private networks.
Platform supports regulated financial workflows
According to REAL, the confidential execution layer is built to support a range of institutional workflows where privacy is considered essential.
These include wealth and asset management activities that require protected portfolio information, balance sheet operations, tokenized deposit models, and selective disclosure capabilities for auditors, compliance teams, and regulators when necessary.
The company said institutions using the platform will continue to benefit from blockchain-native settlement, distribution, and liquidity while avoiding the need to expose sensitive business activity on fully public networks.
The launch also expands REAL’s broader strategy of supporting the entire lifecycle of tokenized real-world assets within a compliance-focused infrastructure.
The company said its platform covers issuance, risk assessment, insurance, trading, and institutional execution under a single architecture designed for regulated financial markets.
REAL expands institutional blockchain offering
REAL describes itself as an institutional blockchain infrastructure provider focused on compliant real-world asset tokenization and risk-managed capital flows.
Built on Cosmos Tendermint, the platform supports multiple stages of onchain financial products, including issuance, compliance, liquidity, insurance, risk assessment, and trading.
The company said its dual-validator architecture combines technical validators with business validators such as tokenizers, risk scorers, insurers, and credit agencies to provide an infrastructure aimed at institutional trust.
The confidential execution layer uses ZKsync’s Prividium privacy technology, which is designed to enable regulated entities to operate onchain with configurable confidentiality, selective disclosure, and settlement on Ethereum.
Crypto World
Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud
A U.S. judge sentenced Chinese businessman Miles Guo, the billionaire behind the fraudulent crypto venture Himalaya Coin, to 30 years in prison, long after a trial jury found the well-connected defendant was guilty of several crimes in 2024.
Guo, 55, also known as Ho Wan Kwok and a number of other aliases, was a self-imposed exile from China who had a close relationship with Steve Bannon, the former strategist of President Donald Trump who has had his own legal entanglements. In 2021, Guo had pushed his fraudulent crypto token, known as H-Coin, telling prospective buyers that it was 20% backed by gold and that the operation would cover 100% of investment losses.
He was said to pull in $500 million in investments, which was just one element of what U.S. authorities called “interrelated fraud schemes” perpetrated over five years, leading to his conviction on counts including racketeering, fraud and money laundering.
Crypto World
Rezolve AI (RZLV) Stock Climbs After Shareholders Back $300M Share Repurchase Program
Key Takeaways
-
RZLV shares advance 9.42% following shareholder endorsement of $300M share repurchase authorization
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Company anticipates UK Court clearance by mid-September 2026
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Rezolve Ai maintains FY26 revenue projection of approximately $360 million
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Company aims for minimum $500 million annual recurring revenue by year-end 2026
-
Repurchase program provides board discretion without mandating specific share quantities
Rezolve AI PLC (RZLV) shares climbed 9.42% to reach $2.8450 following shareholder authorization of a substantial share repurchase program. The stock experienced an early jump after market open and maintained strength throughout the session near session highs. This approval provides the company with a strategic mechanism to address what management views as a market valuation disconnect.
Annual Meeting Delivers Buyback Mandate
During the company’s Annual General Meeting, Rezolve Ai shareholders voted to authorize both capital reduction and share repurchase capabilities. This mandate permits the board to execute buybacks totaling up to $300 million. The initiative still requires customary UK Court confirmation before any share repurchases can commence.
This authorization grants Rezolve Ai operational latitude to acquire ordinary shares in accordance with UK Companies Act 2006 provisions. Management anticipates completing the court approval process by mid-September 2026. Following judicial clearance, the company intends to initiate repurchases when market dynamics align with strategic board determinations.
According to Rezolve Ai’s announcement, the repurchase program may leverage open market acquisitions, block transactions, or private negotiations. The company noted it may occasionally repurchase shares from BTIG. Importantly, the program establishes no obligation to purchase any predetermined share volume.
Company Connects Repurchase Plan to Expansion Trajectory
Rezolve Ai characterized the shareholder vote as validation of its strategic direction and expansion prospects. Management stated that current market capitalization fails to capture the company’s operational scale. The company also highlighted accelerating commercial traction within its enterprise client portfolio.
The firm disclosed it currently supports over 1,000 enterprise clients worldwide. Additionally, Rezolve Ai reported approximately $60 million in preliminary revenue for the first quarter of 2026. Management reiterated its full fiscal year 2026 revenue target of roughly $360 million.
This projection represents approximately 7.5 times the company’s fiscal 2025 revenue baseline. Rezolve Ai also forecasts exiting 2026 with no less than $500 million in annual recurring revenue. Consequently, the buyback authorization coincides with an aggressive growth narrative the company continues to advance.
Brain Suite Platform Powers Digital Commerce Strategy
Rezolve Ai competes in the AI-powered commerce sector through its Brain Suite platform. This technology assists retailers, consumer brands, and financial services organizations in optimizing digital sales workflows. The platform facilitates search functionality, customer interaction, product suggestions, and transaction completion.
The company markets Brain Suite as foundational infrastructure for instantaneous commerce intelligence. It serves enterprises requiring accelerated product discovery and enhanced customer personalization. Accordingly, Rezolve Ai attributes its growth trajectory to rising enterprise adoption of automated commerce solutions.
RZLV’s rally demonstrated robust investor response to the buyback authorization combined with refreshed growth indicators. The stock’s 9.42% appreciation renewed market attention following the shareholder decision. Nevertheless, the repurchase program remains contingent upon court confirmation and board execution.
Crypto World
XRP Price Prediction: XRP Regains Momentum After Reclaiming Key Support
XRP price is holding above the $1.00 level, sitting between $1.04 and $1.06 with a slightly bullish prediction. Over the past 24 hours, it has been up nearly 2 percent, but the move still looks like a recovery within a volatile range.
Sentiment remains heavily negative, with the Fear and Greed index near 15 in extreme fear, with around 74 percent of readings still leaning bearish. This suggests participation is cautious and mostly retail-driven. As a result, upside moves remain fragile under risk-off conditions.
Technically, XRP has reclaimed short-term support after the prior decline, with momentum turned slightly positive on intraday readings. However, resistance remains concentrated around $1.08 to $1.10. Price action in this zone will decide near-term direction.
If buyers break above resistance, a base formation could develop; otherwise, rejection may confirm another failed bounce. Overall structure remains undecided despite the recent recovery. The market still waits for stronger confirmation.
Discover: The Best Token Presales
XRP Price Prediction: Reclaim $1.10 and Push Toward $2.00?
XRP is trading around $1.04 to $1.06, sitting in a sensitive technical zone, and near-term support sits between $1.02 and $1.04, holding recent pullbacks. Resistance builds from $1.10 to $1.11, where sellers previously absorbed momentum with volume near $1.58 billion, and remains steady but lacks breakout conviction.
If XRP holds $1.02–$1.04, momentum could rebuild gradually. A breakout above $1.10 may trigger stronger upside continuation. Upside extension targets $1.50 to $1.80 in that scenario. Some 2026 outlooks extend toward $2.80 under structural recovery.
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XRP likely consolidates between $1.02 and $1.11 in the near term, and price action may remain range-bound as sentiment slowly stabilizes. Not helping the case, the current market structure appears neutral, neither confirming a breakout nor a breakdown.
A daily close below $1.00 would weaken psychological support and reopen downside toward sub-$0.90 levels as sentiment near extreme fear increases volatility risk across markets. Longer-term projections remain conditional on macro stability returning.
Discover: The Best Crypto to Diversify Your Portfolio doesn’t.
Bitcoin Hyper Targets Early-Mover Upside as XRP Tests Key Levels
XRP at $1.04 is a recovery, not a repricing. Traders who bought the highs above $3.00 are still significantly underwater, and even a move to $2.80 represents a long hold against a market index screaming fear. That gap between current price and meaningful upside is exactly where early-stage infrastructure plays become worth sizing up alongside established large-caps.
Bitcoin Hyper ($HYPER) is positioning as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, a combination that targets Bitcoin’s core structural limitations: slow finality, high fees, and near-zero programmability.
The project has raised close to $33 million at a current presale price of $0.01368, with staking active for early participants. The SVM integration is the differentiator worth scrutinizing: it aims to deliver smart contract execution speed exceeding Solana’s own performance, anchored to Bitcoin’s security layer via a decentralized canonical bridge.
For traders watching XRP consolidate while seeking asymmetric early exposure, research Bitcoin Hyper’s presale terms before the current stage closes.
The post XRP Price Prediction: XRP Regains Momentum After Reclaiming Key Support appeared first on Cryptonews.
Crypto World
XRP Demand Builds On-Chain Even as Price Sinks to 19-Month Low
XRP (XRP) is holding above the $1.00 support zone amid a broader downturn. Yet, on-chain activity is rising.
New wallet, whale, and exchange-traded fund (ETF) activity suggest users are stepping in while the price looks fragile, pointing to demand below the surface.
XRP Price Slump Meets Steady Demand
XRP, like the broader market, has seen notable declines this month. The altcoin touched a 19-month low of $1.01 on June 25. It now trades near $1.05, down 0.18% over the past day.
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Yet, on-chain data paint a different picture. Santiment reported that the XRP Ledger added 4,941 new wallets in a single day, marking its strongest network growth in more than three months.
Social sentiment has also flipped bullish. The positive/negative social ratio reached 3.7 positive comments for every bearish one, a three-month high in FOMO, according to Santiment. Traders appear to treat the $1.00 to $1.05 band as a dip-buy area.
“Part of this optimism comes from XRP’s familiar rebound history, ongoing ETF and institutional narratives, and the idea that larger holders have continued building exposure even during ugly price action,” the firm said.
On-Chain Signals Point to Accumulation
On-chain data support that view. Santiment data shows accumulation across all three large cohorts in June despite a 21% price dip. The 10 million to 100 million XRP tier led with 160 million XRP added, the strongest bullish signal of the group.
Smaller cohorts followed. Wallets holding 100,000 to 1 million XRP added 30 million tokens, while those holding 1 million to 10 million XRP gained 20 million tokens. This suggested that large holders continued to accumulate despite the decline.
Institutional demand has also remained resilient. US spot XRP exchange-traded funds (ETFs) attracted $22.99 million in net inflows last week, extending their inflow streak to eight consecutive weeks.
The new week also began on a positive note, with the funds recording $15.34 million in net inflows on Monday. This trend stands in sharp contrast to Bitcoin and Ethereum ETFs.
Bitcoin ETFs have recorded seven consecutive weeks of net outflows totaling approximately $7.7 billion. Investors pulled another $231 million on Monday.
Ethereum ETFs have also experienced consecutive weekly outflows. XRP ETFs, by contrast, have not recorded a single day of net outflows since June 3, although several sessions have ended with flat flows.
Santiment said the open question is whether this wallet surge converts into sustained buying pressure or fades as short-term FOMO. With XRP sitting so close to $1.00, the coming sessions should reveal which way the on-chain demand breaks.
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The post XRP Demand Builds On-Chain Even as Price Sinks to 19-Month Low appeared first on BeInCrypto.
Crypto World
Circle Stock Falls 15% as New Rival Stablecoin Targets USDC’s Enterprise Users
Shares of Circle Internet Group (CRCL) fell on Tuesday after Open Standard unveiled Open USD (OUSD), a dollar stablecoin backed by more than 140 companies, including Visa, Mastercard, and Coinbase, that targets the market its USD Coin (USDC) token leads.
The launch puts payment networks, banks, and crypto firms behind a single token. It lands as Circle’s USDC and Tether’s USDT control most of the stablecoin market.
Why Circle’s USDC Faces Pressure
Open USD goes after the enterprise users that drive USDC adoption. Businesses can mint and redeem it for free, and partners keep the earnings on its reserves after a small fee.
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That model strikes at how Circle makes money. Reserve interest produced 99% of its revenue in 2024, its filing shows.
Circle paid Coinbase $908 million that year to distribute USDC. Now Coinbase has joined a rival that lets partners keep those reserve earnings.
Circle stock fell nearly 15% on the news, touching its lowest level of the session. It extended a weak run after Circle’s stock rally from $50 to $129 in six weeks earlier this year.
The bigger risk is distribution. Circle gained ground as USDC overtook Tether in corporate transfers. Yet Open USD’s backers include the networks that move most of that money.
Circle still holds advantages. Its USDC carries regulatory standing in the US and Europe and deep exchange liquidity.
A Consortium Stands Behind Open USD
Open Standard will run the token through an independent board of its partners. Zach Abrams leads the company on an interim basis. He co-founded Bridge, the stablecoin firm Stripe bought for $1.1 billion in 2025.
The backers span finance and technology, from BlackRock and BNY to Google and Shopify. Many already run their own stablecoins or build stablecoin infrastructure firms, echoing Mastercard’s recent stablecoin payment integrations.
Stripe tied its payments business directly to the token.
“Open USD will be the default stablecoin for businesses running on Stripe…” read an excerpt in the announcement, citing Will Gaybrick, president of technology and business at Stripe.
Circle, Tether, and PayPal all sat out the venture. Tether’s USDT leads at about $185 billion and Circle’s USDC follows near $74 billion.
All these notwithstanding, the history is not encouraging for consortiums. Visa, Mastercard, and Stripe each backed Facebook’s Libra stablecoin in 2019, then abandoned it within months under regulatory pressure.
Open USD goes live later this year on Plasma and other chains built for stablecoin payments.
The timing matters for Circle, whose USDC revenue-sharing deal with Coinbase comes up for renewal in August.
The post Circle Stock Falls 15% as New Rival Stablecoin Targets USDC’s Enterprise Users appeared first on BeInCrypto.
Crypto World
MiCA Deadline: New Rules Could Force 80% of Crypto Firms Out of EU
The transitional grace period under the Markets in Crypto-Assets (MiCA) regulation officially ends across the EU on July 1, 2026.
It means that any firm still operating without a MiCA license will be breaking the law.
MiCA Rules Force Crypto Firms to Adjust
The European Securities and Markets Authority (ESMA) had ordered all unauthorized digital asset providers to close their businesses before the end of the transition period. The directive formed part of the EU’s MiCA rules that require firms to obtain authorization from a national regulator to continue operating.
Pre-MiCA categorization data suggested that Europe had over 3,000 legitimate virtual asset providers, but now, several exchanges have already announced changes to their European services. For instance, Binance said that it will suspend some of its operations in the market after failing to secure a MiCA license.
In an interview with the Block, former CEO Changpeng Zhao (CZ) revealed that the exchange’s license application in Greece had been “fully compliant” and days away from approval before political forces reportedly forced it to be withdrawn, with journalist Gareth Jenkinson alleging that sources had informed him that Christine Lagarde, the ECB president, had asked Greek authorities not to greenlight the permit.
The company is now seeking the same approval in other EU member states such as France, Ireland, and Latvia.
According to OKX’s European CEO Erald Ghoos, who was quoted in a recent report by CoinDesk, 80% of crypto companies won’t survive MiCA and will be pushed out of the EU completely. Some corroboration was offered in the same report by Dubai lawyer Irina Heaver, who said inquiries from European founders had surged as they weighed relocating to the UAE, where licensing through the Virtual Assets Regulatory Authority can take days instead of months.
For consumers, ESMA urged caution, saying that investors should verify whether their provider appears in the MiCA register and confirm which legal entity is actually holding their assets.
It also added that they should consider transferring funds if their platform remains unauthorized after July 1 since those using unauthorized providers may face reduced legal protections and a greater risk of losing access to their crypto assets.
Trading Surge Reported Elsewhere
But not every signal is pointing toward exodus. While policy analysts debate the theoretical impacts of the new framework, crypto platforms on the ground are already seeing a shift in capital deployment. Konstantins Vasilenko, co-founder and CBDO of Paybis, notes that the new rules are successfully unlocking access to larger institutional participants who require regulatory certainty before deploying capital.
Vasilenko shared directly with CryptoPotato that since securing their MiCA and PSD2 licenses in Latvia this past May, their EU trading volume has surged by 70% quarter-over-quarter, even as transaction counts held steady.
The post MiCA Deadline: New Rules Could Force 80% of Crypto Firms Out of EU appeared first on CryptoPotato.
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