The interest business

This week, the Open Standard consortium announced Open USD, backed by more than 140 founding members, including BlackRock, Mastercard, Visa, Stripe, Ripple, Kraken, Galaxy, Robinhood, and others.

Hey, it’s Marc

For the last decade, stablecoins looked like a network business.

The more people used your dollar, the stronger the network became. Liquidity attracted integrations. Integrations attracted more liquidity. Eventually, it became conventional wisdom that the market was over.

Circle and Tether had won.

But stablecoins were never just network busi…