Woofun AI reports that the Open Standard Alliance, comprising over 140 entities including VISA, Mastercard, BlackRock, and Google, launched the Open USD (OUSD) stablecoin. This initiative returns interest income from reserve treasury bonds to members, directly challenging Circle's profit structure while excluding it from the alliance.

Circle's token (CRCL) declined 16.4% in 24 hours, trading at $63.1 on Hyperliquid. Selling pressure intensified following a $158.7 million insider sell-off and removal from five Russell Growth Indexes. On-chain data shows short positions are 2.21 times larger than longs. One trader using 3x leverage on May 5th achieved an unrealized gain of $1.56 million.