Open Standard takes on Tether and Circle with a different stablecoin model focused on “building money.”
CEO Zach Abrams says the overwhelming majority of Open Standard’s equity will be distributed over time to partners based on how much they contribute to the growth of the stablecoin.
The model aims to align incentives between the company, its partners, and the wider ecosystem.
It will be interesting to see whether this approach can challenge the existing stablecoin giants and create a new way of building and distributing value in the stablecoin market. 🚀
#Stablecoin #Crypto #USDT #USDC #Binance #DeFi #CryptoNews
CEO Zach Abrams says the overwhelming majority of Open Standard’s equity will be distributed over time to partners based on how much they contribute to the growth of the stablecoin.
The model aims to align incentives between the company, its partners, and the wider ecosystem.
It will be interesting to see whether this approach can challenge the existing stablecoin giants and create a new way of building and distributing value in the stablecoin market. 🚀
#Stablecoin #Crypto #USDT #USDC #Binance #DeFi #CryptoNews
