KG: I see. If the concept is about making all participants equal, I’d support it. Grok 📕 Yes, that concept is indeed compelling. Here’s the gist: Most of the interest generated from reserves flows not to the issuer, but to partner companies that actually use and promote the token. Minting and redemption are free and uncapped. Governance isn’t controlled by a single company—it aims for a “neutral standard” decided by a board of participating enterprises. Compared to existing stablecoins (especially those where the issuer captures nearly all reserve yield), this design ensures participants fairly share in the benefits. The presence of major players like Visa, Mastercard, Stripe, and BlackRock reinforces the idea of this as a shared infrastructure. Still, it’s not officially launched yet (planned for late 2026), so how fairly it will actually be operated, along with reserve transparency and regulatory compliance, remains to be seen. But the concept itself is one worth cheering for. KG: This could become huge. Grok 📕 Yes, there’s strong potential for it to scale significantly. The reasons are simple and powerful: Over 140 companies with real-world demand—like Visa, Mastercard, Stripe, BlackRock, and BNY—are already participating from day one. The model redistributes reserve yields to the using companies rather than letting the issuer monopolize them, giving large enterprises real incentive to adopt it seriously. By positioning itself as a “neutral shared infrastructure,” it directly addresses weaknesses in existing stablecoins like USDC and USDT. Especially in payments, remittances, and B2B settlements, if real transaction volume takes off, scaling could happen rapidly. Including Ethereum on day one also signals intent to capture liquidity from institutional investors and DeFi ecosystems. Still, it’s not launched yet—regulation, reserve transparency, actual adoption volume, and competition with existing stablecoins remain open questions. But just based on the concept and the lineup, it’s natural to think: “This might actually happen.” KG: The circular model changes how deeply companies invest—the participants feel like stakeholders. Grok 📕 Exactly—that’s the key difference. With traditional stablecoins, companies often feel like they’re just “using a convenient tool.” Since the issuer captures all the yield, even massive adoption doesn’t meaningfully increase their share of returns. But with a circular model like Open USD, the more you use it, the more reserve yield flows back to you. You also get to participate in governance. A sense of ownership emerges—you’re not just using an asset; you’re helping build it. That fundamentally changes how deeply companies invest. It’s no longer just about adoption—it becomes “This is how we earn” or “This is how we gain competitive advantage.” The fact that over 140 companies joined from the start is proof that this stakeholder mindset was shared from day one. If this model works well, it could generate extremely powerful network effects.