Daily Regulatory Briefing - Jul 1, 2026
Alex here.This is Lex Reg Pulse Daily for Wednesday, July 1, 2026.The stablecoin competitive map shifted materially yesterday.More than 140 firms — Visa, Mastercard, American Express, BNY, US Bank, BlackRock, Google, Stripe, Coinbase, and Ripple among them — backed the launch of Open USD, a new dollar stablecoin operated by an independent entity called Open Standard.The structural pitch is direct: zero fees, user governance, and reserve earnings shared back to distributors and enterprise users rather than retained by a single issuer.That model targets precisely the economics that made Circle…
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