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.
OUSD, which borrows heavily from Hyperliquid’s USDH playbook, is a new stablecoin that a consortium of more than 140 companies will operate.
Pornhub is no longer accepting USDT for payouts and is switching to Circle-issued stablecoin USDC instead.
Kontigo, which allows Latin American users to dodge inflation by using “digital dollars” has been forced to reimburse over 1,000 accounts.
Any US bank or fintech company that receives USDC instead of dollars will need to file timestamped records of every transaction.
The GENIUS Act forbids any interest payments by Circle to USDC holders, causing them to venture elsewhere for APRs of 59% or beyond.