⚖️ Arca: MSTR Balance Sheet Overhaul, Robinhood Chain Launch, and a New 'Open USD' Consortium
Arca's July 6 market recap covers Strategy's new Digital Credit Capital Framework and buyback authorizations, Robinhood's mainnet launch of Robinhood Chain with tokenized trading and stablecoin yield, and a 140-member consortium including BlackRock, Visa, and Mastercard announcing a new Open USD stablecoin.
Why it matters: The Open USD consortium and expanding tokenized-trading infrastructure point to stablecoin and payments distribution shifting toward shared industry networks, a dynamic that could pressure incumbent issuers like Circle.
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