Visa, Stripe, BlackRock back Open USD stablecoin with partner-yield model; Circle stock drops 14%
Key Questions
Which major firms are backing the Open USD stablecoin?
Visa, Stripe, BlackRock, and over 140 payment companies support Open USD, which uses a partner-yield model instead of issuer-captured yield.
How did Circle stock react to the Open USD announcement?
Circle stock dropped 14% immediately following news of the Open USD stablecoin launch.
What potential impact could Open USD have on existing stablecoins?
If scaled, the coalition could pressure USDC and USDT dominance through DeFi integration and payment rail disruption.
Major stablecoin shakeup: Visa, Stripe, BlackRock, and 140+ payment giants back Open USD, a stablecoin that pays yield to partners. This inverts the issuer-captures-yield dynamic and could reshape stablecoin dominance. Circle stock dropped 14% instantly. The coalition is massive—if it scales, USDC and USDT face real pressure. DeFi integration and payment rails disruption potential.
Sources (2)
Updated Jul 10, 2026