CoinShares：Open USD 对 Circle 的 USDC 构成最大威胁
该联盟支持的稳定币将向合作伙伴分享储备收入而非由发行方独享，若 2026 年推出将挤压 Circle 利润率。
Open USD poses biggest threat yet to Circle's USDC, CoinShares says
The consortium-backed stablecoin would share reserve income with partners instead of the issuer, pressuring Circle's margins if it debuts in 2026.