Big Tech and Wall Street Team Up on the Stablecoin to End All Other Stablecoins

A new stablecoin project backed by major tech companies and Wall Street is positioning itself as a challenger to Circle and Tether, which currently dominate the market. Called Open Standard, the initiative aims to compete by leveraging the combined influence and resources of its heavyweight backers. According to Gizmodo, the move reflects growing interest from traditional finance in establishing a foothold in the stablecoin space—though whether Open Standard can dislodge the incumbents remains an open question.

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