Open USD Stablecoin Launched with 140 Corporate Partners
- Stablecoin Launch: Open Standard unveiled Open USD (OUSD) on June 30, 2026, backed by over 140 companies including Visa, Mastercard, and Stripe; however, the market's skepticism suggests that success is not guaranteed, raising concerns about Circle's position.
- Market Reaction: Following the OUSD announcement, Circle's stock plummeted 16%, reaching a four-month low of $63.85 on July 1, representing a staggering 75% decline from its June 2025 peak, indicating investor anxiety over new competition.
- Yield Distribution Structure: OUSD allows members to mint and redeem without fees while retaining nearly all reserve earnings after a small management fee, contrasting sharply with Circle's USDC model, where a single issuer collects interest and shares it with partners.
- Regulatory Challenges: OUSD has yet to disclose its issuing entity and regulatory framework, and despite its large consortium, the lack of transparency may hinder its legitimacy and acceptance in both the US and European markets.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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