Jul 13, 2026 7:04 PM

The market is vastly overestimating the new OUSD stablecoin. Despite backing from BlackRock, Visa, and Mastercard, it will never displace USDC or USDT. Logos don't create network effects; liquidity, habit, and settlement flows do. Because OUSD can't share yield with users, its institutional pedigree is useless against the "fear of breaking what already works." Can a consortium of giants actually beat embedded market liquidity, or is OUSD dead on arrival? What’s your take?
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