Open Standard’s OUSD stablecoin reaches $666.3 million market cap

Open Standard’s OUSD stablecoin has reached a market cap of $666.3 million, adding $626.3 million within a single week. Its revenue-sharing model and backing by major financial players may challenge the dominance of USDT and USDC. Simultaneously, Tempo leads stablecoin growth with a $462 million increase in market cap. This rapid expansion reflects increasing institutional adoption and the potential for blockchain-based financial systems to reshape traditional banking and the overall economics of the stablecoin market.