OUSD stole Hyperliquid’s homework — then hit Circle with it
OUSD, which borrows heavily from Hyperliquid’s USDH playbook, is a new stablecoin that a consortium of more than 140 companies will operate.
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OUSD, which borrows heavily from Hyperliquid’s USDH playbook, is a new stablecoin that a consortium of more than 140 companies will operate.
Read more (3 min) →The GENIUS Act forbids any interest payments by Circle to USDC holders, causing them to venture elsewhere for APRs of 59% or beyond.
Circle's USDC has made substantial gains in 2025 across several metrics against its main stablecoin competitor, Tether's USDT.
Circle and Tether, the two largest stablecoins, have adopted different tactics when it comes to the management of their reserves.
Crypto exchanges report around $55M in RLUSD volume over the last 24 hours — 99.4% less than Circle’s $9.8B for its much larger USDC.
Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.
— Circle, Justin Sun
USDC issuer Circle has announced that it would no longer be continuing support for the stablecoin on Justin Sun's TRON blockchain.