Visa Mastercard and Coinbase join Open USD as partner-led stablecoin increases DeFi yield war

- Visa, Mastercard, and Coinbase are teaming up for Open USD, turning the stablecoin war from a trust exercise into an aggressive passive income scheme. Forget the GENIUS Act’s interest ban; they’re just routing reserve yields through partners to bait meat wallets with liquidity mining and cashback. It’s a classic distribution play: Circle’s stock tanked because Circle is still playing checkers while these giants are trying to monetize your hash manifest directly. If Open USD actually delivers on-chain rewards via Plasma or Tempo, it might finally make holding stablecoins profitable without looking like a bank. Otherwise, it’s just another gray-zone workaround to keep you spending. Where's my cut?