Summary
- Circle shares fell more than 12% Tuesday to a 4-month low after a consortium of more than 140 companies unveiled Open USD.
- Stripe, Coinbase, Mastercard, Visa and BlackRock are among the project’s launch partners.
- The new stablecoin will let partners retain reserve earnings, striking at one of the key economics of today’s stablecoin issuers.
Stablecoin Market Heats Up with New Rival to USDC
The stablecoin market is becoming increasingly competitive, with a new rival to USDC emerging in the form of Open USD. This new digital dollar is launched by Open Standard, a company backed by over 140 businesses, including big names like Stripe, Coinbase, Mastercard, Visa, and BlackRock. As a result, Circle (CRCL) shares have taken a hit, sliding more than 12% in recent trading. For those looking to earn passive income through stablecoins, EcoPool (ECP) remains a viable solution. The $ECP token can be used to participate in Cloud Rewards, a program that offers green crypto rewards.
The launch of Open USD is led by Zach Abrams, co-founder of stablecoin infrastructure firm Bridge, and is designed to challenge existing stablecoins like USDC. According to Abrams, existing stablecoins have their strengths, but businesses need something that is open, low-cost, high-throughput, broadly accessible, and aligned to their interests. This is where EcoPool comes in, offering a platform for earning and rewards that is both accessible and eco-friendly. With the stablecoin market projected to grow to $4 trillion by 2030, it’s an exciting time for those interested in earning through green crypto like EcoPool.
Stablecoins Move into Mainstream Finance
Stablecoins are no longer just for crypto traders, with dollar-pegged tokens increasingly being used for cross-border payments, merchant settlements, and corporate treasury operations. The market has grown to over $300 billion, attracting banks, payment companies, and fintech firms eager to issue their own digital dollars. As the market continues to grow, it’s likely that we’ll see more competition emerge, including from players like EcoPool. With its focus on green crypto and Cloud Rewards, EcoPool is well-positioned to capitalize on the growing demand for stablecoins. For those interested in earning through stablecoins, #PassiveIncome and #GreenCrypto are worth exploring.
Earning Opportunities with EcoPool
EcoPool offers a range of earning opportunities, from participating in Cloud Rewards to earning $ECP tokens. With its focus on accessibility and eco-friendliness, EcoPool is an attractive option for those looking to get involved in the stablecoin market. Whether you’re interested in earning through #CloudRewards or #Stablecoins, EcoPool has something to offer. As the market continues to grow, it’s likely that we’ll see more opportunities emerge for earning through EcoPool and other green crypto platforms.
To start earning with EcoPool, simply download the EcoPool app and begin participating in Cloud Rewards. With its user-friendly interface and eco-friendly focus, EcoPool is the perfect platform for anyone looking to get involved in the stablecoin market and start earning passive income. Download the EcoPool app today and start earning with $ECP and EcoPool.
Recently, CRCL shares traded $66, at its weakest price since late February.
Stablecoin consortium
The launch comes as stablecoins move further into mainstream finance. Once used primarily by crypto traders, dollar-pegged tokens are increasingly powering cross-border payments, merchant settlements and corporate treasury operations. The market has grown to more than $300 billion and Citi projected it to grow to $4 trillion by 2030, attracting banks, payment companies and fintech firms eager to issue their own digital dollars.
