BlackRock joined a 14-firm consortium including Stripe, Visa and Mastercard to launch Open USD, a dollar-denominated stablecoin due later this year that undermined Circle’s USDC economics. The U.S. Treasury also selected two BlackRock iShares ETFs for Trump Accounts, and the firm will report Q2 earnings on July 15.
Open USD debuted yesterday as a dollar-pegged stablecoin backed by a 14-firm consortium that includes BlackRock, Stripe, Visa and Mastercard. Scheduled to go live later this year, the initiative threatens the economics of Circle’s USDC by leveraging major payment and crypto infrastructure providers.
The U.S. Treasury selected two BlackRock iShares exchange-traded funds as investment options under the Trump Accounts program, designed to help American children begin building wealth from birth. Inclusion in this federal initiative underscores BlackRock’s leading position in passive investing and retirement solutions.
BlackRock will report second quarter 2026 results on July 15, detailing assets under management, fee revenue trends and progress in digital asset ventures. Investors will be watching for commentary on how the Open USD partnership and ETF selections influence overall growth.
Businesswire
