Why OpenUSD's 'real threat' that tanked Circle stock still faces a steep uphill battle for adoption
CoinDesk·
60-second summary
OpenUSD, a stablecoin consortium backed by Stripe and Coinbase, poses a threat to Circle's business model, analysts say. However, building a network is more challenging than assembling big-name partners. OpenUSD still faces a steep uphill battle for adoption, requiring significant infrastructure development and user acquisition efforts to rival Circle's established market presence and user base.
The Stripe- and Coinbase-backed stablecoin consortium can challenge Circle's business model, but analysts say building a network is harder than assembling big-name partners.