Bitcoin surged above $85,500 after weaker-than-expected U.S. PCE inflation data reduced expectations for a Federal Reserve rate hike in October, but the rally retreated as U.S. Treasury yields remained elevated near 5.3%. High bond yields limited Bitcoin's upside momentum despite improved market risk appetite.
Open Standard officially launched OUSD, a dollar stablecoin issued by Stripe's subsidiary Bridge, enabling enterprises and developers to build financial services including payments and settlement. OUSD supports integration with Mastercard, Stripe, Visa, and Coinbase, with reserves held at BlackRock and major banks, and will trade on platforms like Coinbase, Kraken, and Uniswap.