Continuing from yesterday’s discussion, I considered the possibility that #OUSD (Open USD)—currently a hot topic—could become the future international settlement standard. OUSD is a consortium-based stablecoin initiative in which over 140 companies, including Visa, Mastercard, Stripe, Coinbase, Google, and BlackRock, have publicly expressed their intent to collaborate on its operation. Its most distinctive feature is its design: unlike traditional stablecoins, where only the issuer captures the yield from reserve assets, profits are also distributed to participating corporations and banks. This creates a structure where “users = beneficiaries,” making adoption highly attractive for companies and financial institutions. If this model gains widespread adoption, businesses may eventually be able to use received OUSD directly for subsequent payments, significantly reducing the need to convert it back into their domestic currency each time. At the same time, in scenarios where countries require settlements in their own national currencies, it remains entirely plausible that banks will continue to handle the exchange between OUSD and fiat currencies. This raises one key question: In such a scenario, what happens to existing bridge currencies like #XRP? At this point, no definitive answer exists. Ripple’s original vision for XRP as a bridge currency was designed to solve the problem of banks needing to pre-hold foreign currencies globally. However, if a common stablecoin like OUSD achieves global circulation, banks might simply need to exchange OUSD for local fiat currencies to function effectively. Currently: ✅ Even if stablecoins like OUSD become widely adopted, it does not necessarily mean other bridge currencies will become obsolete. ✅ If banks can efficiently facilitate exchanges between OUSD and fiat currencies, the premise that other bridge currencies are essential may no longer hold. Ultimately, which structure becomes dominant will not be determined by ideology—but by market forces rooted in cost, liquidity, regulation, and the number of participants. Therefore, rather than rushing to conclusions, I am closely observing how financial infrastructure will evolve based on economic rationality.