#openusd

Mizuho says Open USD threatens Circle's USDC economics, cutting its rating to underperform and price target to $50.

PYUSD is tiny beside Tether and USDC, but PayPal's Polygon push turns bank-backed OpenUSD into a direct settlement fight.

Open USD has 140 backers, but Circle says USDC’s real moat is liquidity, regulation and repeat transaction flow.