Circle Defends USDC Economics Amidst Open USD Competition
Circle addresses market dynamics and revenue sharing for USDC, as rival stablecoin OUSD gains traction.
Circle addresses market dynamics and revenue sharing for USDC, as rival stablecoin OUSD gains traction. USDC (USDC) is trading at ₹95.09 ($0.9998). This is an original Token Times brief based on reporting by Cryptopolitan, with live market data added, as of Sat, 17 Oct 2026 01:00:01 UTC.
This development highlights the intensifying competition in the stablecoin market and Circle's efforts to maintain transparency and reassure partners amidst the rise of alternative stablecoins like OUSD.
- Circle published a blog post detailing USDC revenue sharing with partners.
- The move comes as rival stablecoin OUSD gains market presence.
- USDC has a circulating supply of $72.56B, significantly larger than OUSD's $824.55M.
- EU Banking Authority Takes Direct Oversight of Circle's USDC Stablecoin
- Circle Mints $750M USDC on Solana, Boosting Stablecoin Activity
- Circle Aims to Expand USDC Reach to 40 New Markets
- Circle Posts $1.4B Revenue as USDC Dominates Stablecoin Transactions
- Circle Defends USDC Economics Amidst Open USD Competition — this brief
- Circle Plans USDC Expansion to 40 Emerging Markets Amid Stablecoin Growth
On Friday, October 16, Circle published a detailed blog post authored by its chief commercial officer, Kash Razzaghi, explaining the economics of 
USDC and how the company splits revenue with partners.
The post does not explicitly name any competitors but is being interpreted as a response to 
Open USD (OUSD), a rival stablecoin that has been gaining market traction.
Circle's move underscores the competitive dynamics in the stablecoin market, as it seeks to maintain transparency and reassure its partners and stakeholders.
According to DeFiLlama, USDC currently has a circulating supply of $72.56B, significantly larger than OUSD's $824.55M.
The broader crypto market remains relatively flat, with 
Bitcoin down 0.66% in the last 24 hours and the overall market cap at $2.81T. The Fear & Greed Index stands at 63, indicating a state of 'Greed.'
Since this brief published about 6 hours ago, USDC (USDC) has moved from ₹95.09$0.9998 to ₹95.09$0.9998 — +0.00%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₹103.5 (about $0.9998), up 0.0% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Circle Defends USDC Economics Amidst Open USD Competition — questions & answers
What is Circle's response to Open USD?
Circle published a blog post detailing USDC's revenue sharing model, seen as a response to the growing presence of rival stablecoin OUSD.
How does USDC's market position compare to OUSD?
USDC has a circulating supply of $72.56B, while OUSD's supply is $824.55M, indicating a significant difference in market presence.
Why is Circle emphasizing revenue sharing?
Circle aims to reassure partners and stakeholders about the stability and economic model of USDC amidst competition from other stablecoins.
How much is 1 USDC worth in rupee today?
About ₹103.5 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9998. The rupee price moves with both USDC's US-dollar price and the USDT/INR rate; use our USDC in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.