Open USD launched on Tuesday with more than 140 corporate backers, positioning the token as a potential competitor to USDC yields on Aave.
According to NS3.AI, the token allows businesses to mint and redeem for free and routes reserve income to partners.
DefiLlama data shows USDC suppliers on Aave's main Ethereum market earn around 3.4%.
Open USD is not fully live, and it is not listed on any Aave market yet.
Open USD Launches With 140+ Corporate Backers, Potentially Challenging USDC Yields on Aave
2026-07-01 15:25:45
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