# Everyone Just Launched a Stablecoin

Page: https://stenobird.com/podcast/good-for-bitcoin-7094119/everyone-just-launched-a-stablecoin
Text version: https://stenobird.com/podcast/good-for-bitcoin-7094119/everyone-just-launched-a-stablecoin.md
Podcast: [Good for Bitcoin](https://stenobird.com/podcast/good-for-bitcoin-7094119)
Published: 2026-07-03T18:49:38+00:00
Episode link: https://api.riverside.com/hosting-analytics/media/a2855bd9480880ecbf7eea35a356fa0062c9300cb033c0384fd4f605df7c38f3/eyJlcGlzb2RlSWQiOiJhODQxN2ZlOC0yNDgzLTQ0YTMtODZjMC05ZmQxNWM3ZWRmYmIiLCJwb2RjYXN0SWQiOiI4ODVmNjFiYS05NGQ4LTRlMDUtOTk4MS1mYzc4YjUwNmYwZWYiLCJhY2NvdW50SWQiOiI2OGRiZjAxYzI4Y2E3NjNlY2MyZjIzNDQiLCJwYXRoIjoibWVkaWEvY2xpcHMvNmE0N2ZmMGI0NDI2NTdkNmVkNjFmNGI3L2dvb2QtZm9yLWJ0Yy1jb21wb3Nlci0yMDI2LTctM19fMjAtMjctMjMubXAzIn0=.mp3
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JSON: https://stenobird.com/v1/public/podcasts/good-for-bitcoin-7094119/episodes/everyone-just-launched-a-stablecoin
Duration seconds: 1141

## Resource

Out of left field: 140+ companies — Visa, Mastercard, Google, Samsung, PayPal, BlackRock, Coinbase, Stripe and more — announced Open USD, one shared stablecoin where the partners keep the reserve earnings. Then came the backlash: firms saying they never signed on, and Circle's CEO firing back. Meanwhile Strategy published a real plan for STRC (including permission to sell some Bitcoin), whales scooped up ~$16.7B, and Robinhood went full crypto. No one told the builders it's a bear market. In this episode of Good For Bitcoin, Brandon and Kate discuss: The bombshell: Open Standard announced Open USD, a stablecoin with 140+ partners — Visa, Mastercard, Amex, Discover, Google, Samsung, PayPal, BlackRock, Coinbase, Stripe and more — where partners keep the reserve earnings. Then the backlash: firms saying they never signed on, and Circle CEO Jeremy Allaire firing back — 'integrity matters.' A consortium-sized shot at USDC. Strategy skipped the weekly buy and published its Digital Credit Capital Framework instead: USD reserve raised to $2.55B (17.4 months of STRC dividend coverage), STRC dividend up 50 bps to 12%, a $99–$100 target band, and a BTC monetization program allowing up to $1.25B of Bitcoin sales. Markets liked seeing a plan — MSTR up ~20%, STRC back near $87. Also: Saylor's Channel 4 walk-off — 'let me finish.' No one told the builders it's a bear market. OG whales bought an estimated ~$16.7B of Bitcoin in the last two weeks — classic late-bear accumulation. Metaplanet added 2,823 BTC to reach an even 43,000, and Galaxy Digital joined the Russell 1000. Robinhood's 'World Is Flat' event: launching in Canada with zero trading fees for 90 days, Robinhood Earn (lend USDG on-chain from a self-custody wallet at 7% APY), and Robinhood Chain — an AI-native L1 for financia…

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## Transcript

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