Aptos, Visa and BlackRock among 140 firms launching new stablecoin

The dominance of Tether and Circle is officially under threat. By launching Open USD, 140+ giants like BlackRock, Visa, and Google are proving that current stablecoins are too expensive and exploitative for the global economy. This new "shared utility" model returns all reserve earnings to the partners, effectively making existing issuers obsolete for any business that cares about its bottom line. Is a currency governed by a corporate coalition better, or just a new monopoly? What's your take?
This summary was generated by AI