CRYPTO

Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'

CoinDeskWednesday, September 30, 2026 at 3:34 PM

RedScroll Brief

Open USD takes on Tether, Circle with a different stablecoin model that's 'building money' — Image via CoinDesk

The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin, CEO Zach Abrams said.

RedScroll Signal

Impact: High
Category: Crypto
Market relevance: High
Why it matters: Crypto moves are a live stress test of liquidity, regulation, and narrative risk. The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin, CEO Zach Abrams said. Watch liquidity and volatility around Open and Tether — crypto markets reprice narrative risk quickly.

Read original source → COINDESK Edition 2026-09-30

Desk copy

RedScroll Briefing

Extractive editorial brief — not a reprint of the original

What happened

The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin, CEO Zach Abrams said.

Why it matters

Crypto moves are a live stress test of liquidity, regulation, and narrative risk.

Background

CoinDesk reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.

Timeline

Wed, Sep 30, 2026, 3:34 PM UTC
CoinDesk published: Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'
Now
Story is in today’s RedScroll edition. Follow the original source for updates.

Economic impact

Watch liquidity and volatility around Open and Tether — crypto markets reprice narrative risk quickly.

Source

CoinDesk

Original reporting by CoinDesk. RedScroll provides an extractive briefing only.