ARK Invest: OUSD Unlikely to Displace USDC and USDT on July 8

USDC0.03%
According to ARK Invest director Lorenzo Valente, newly launched Open USD (OUSD) stablecoin is unlikely to displace USDC and USDT dominance, despite backing from major institutions including BlackRock, Visa, and Coinbase. Valente noted that stablecoin network effects depend on liquidity, brand recognition, integrations, and market depth—not logos. OUSD, being GENIUS Act-compliant, cannot directly share yields with users, whereas USDC offers significant yield. Binance holds $45 billion in USDT, its most liquid trading pair. Cathie Wood agreed with the assessment, underlining that USDT and USDC network effects remain powerful.
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