Open Standard Consortium Launches OUSD Stablecoin Amid Market Volatility

A consortium of over 140 payment, banking, and crypto firms launched the Open Standard and its dollar-pegged stablecoin, OUSD. The new stablecoin aims to eliminate minting and redemption fees while redistributing reserve interest yield back to the member businesses driving its circulation.

Strategy Inc., a BTC treasury company, introduced a 'Digital Credit Capital Framework' to manage liquidity and preserve long-term Bitcoin exposure. The framework enables Strategy to monetize a portion of its Bitcoin holdings to fund dividends, build cash reserves, and execute share buybacks.

The US stock market delivered a positive but highly polarized weekly performance, with aggressive sector rotation leading investors to lock in profits from high-flying AI names and fund value and cyclical sectors. The Dow Jones Industrial Average climbed 2% to finish at a record 52,900.07, marking its longest weekly winning streak since late 2024.