Coinbase helped build USDC – Why is it now backing the stablecoin trying to replace it, Open USD?

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AI Summary

The stablecoin market has long rewarded the companies that issue digital dollars. They take in customer cash, hold reserves in short-term government securities, and earn the yield. Now, the companies that distribute those tokens want more of the economics. That tension is at the center of Open USD (OUSD), a planned stablecoin backed by more […]
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