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A major new player is entering the stablecoin arena. Open USD launched today with backing from Visa, Mastercard, and Google, taking direct aim at the dominance of USDC and Tether. Whether that heavyweight support translates into market trust remains the real question.
That launch lands as Europe's landmark crypto regulation, MiCA, hits a hard deadline today and is already being rewritten. The rules, designed to bring order to digital assets, were drafted before stablecoins and tokenized assets reshaped the landscape so dramatically. Regulators are now racing to catch up with the market they were meant to govern.
Meanwhile, TikTok has agreed to settle with a teenage plaintiff in California just before the case was set to go to trial. The terms have not been disclosed, but the timing speaks volumes. The platform has faced mounting legal pressure over its effects on young users, and settling before a jury hears the evidence is a familiar calculation in Silicon Valley.
Stay curious, stay skeptical. Tech Beat out.
