Daily Regulatory Briefing - Jul 4, 2026
Alex here.This is Lex Reg Pulse Daily for Saturday, July 4, 2026.The story that defines this holiday weekend is a credibility problem at the center of the stablecoin race.Open Standard launched Open USD — OUSD — days ago, billing it as a bank-friendly, user-governed dollar token backed by more than 140 major names in payments and asset management.Samsung, Dunamu — the parent of Korean exchange Upbit — and Shinhan have each said they were listed as founding consortium members without their knowledge or consent.That membership roll was the entire premise.It was the evidence that stablecoin…
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