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  "path": "/coinbase-helped-build-usdc-why-its-now-backing-the-stablecoin-trying-to-replace-it-open-usd/",
  "publishedAt": "2026-07-02T08:10:35.000Z",
  "site": "https://cryptoslate.com",
  "tags": [
    "Exchanges",
    "Featured",
    "Stablecoins",
    "Coinbase",
    "OUSD",
    "Stablecoin",
    "USDC",
    "Coinbase helped build USDC – Why is it now backing the stablecoin trying to replace it, Open USD?",
    "CryptoSlate"
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  "textContent": "The stablecoin market has long rewarded the companies that issue digital dollars. They take in customer cash, hold reserves in short-term government securities, and earn the yield. Now, the companies that distribute those tokens want more of the economics. That tension is at the center of Open USD (OUSD), a planned stablecoin backed by more […]\n\nThe post Coinbase helped build USDC – Why is it now backing the stablecoin trying to replace it, Open USD? appeared first on CryptoSlate.",
  "title": "Coinbase helped build USDC – Why is it now backing the stablecoin trying to replace it, Open USD?"
}