According to TechFlow, on July 1, Circle CEO Jeremy Allaire stated that stablecoin competition is essentially a long-term competition of platforms and network effects, centering on application access, liquidity networks, and global compliance infrastructure. Citing Artemis data, he noted that in Q1 2026, USDC processed nearly $30 trillion in on-chain transactions, accounting for 80% of total USD stablecoin transaction volume, with USDT taking the remaining 20%, and other USD stablecoins combined accounting for less than 0.5%.
Jeremy Allaire also stated that OUSD's proposed free withdrawals and burns, revenue sharing, and consortium model may not necessarily form a sustainable advantage; the partnership between Circle and Coinbase remains solid, and they welcome OUSD to join the stablecoin ecosystem.
