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Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'
First reported Source: CoinDeskLast editorial activity
What happened
The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin (a digital token meant to hold a fixed value, usually one dollar), CEO Zach Abrams said.
Sources & evidence
- CoinDesk Reporting source
Open USD takes on Tether, Circle with a different stablecoin model that's 'building money' ↗
https://www.coindesk.com/business/2026/09/24/open-usd-takes-on-tether-circle-with-a-different-stablecoin-model-that-s-building-money