Visa Vs. Circle: No GENIUS Act Rules, A $2 Trillion Stablecoin Fight | Dana Love, PhD Serie B [0dQBmGZIcI6]

Dana Love, PhD breaks down the 8 days that reshaped the stablecoin market: Circle's final OCC bank charter on July 10, Visa's Stablecoin fc barcelona Platform launch on July 16, and the GENIUS Act's missed rulemaking deadline on July 18, with 11 proposed rules and zero final ones. Standard Chartered projects a $2 trillion stablecoin market by 2028. The fight for it started before the rulebook arrived. Visa rebuilt liam neeson its original bank-consortium structure through Open USD, taking a reach at issuer economics without becoming the issuer, while Circle spent 13 months becoming exactly what the law regulates. Where does that leave XRP, Ripple, and the Canton Network? The answer surprised me.

(Personal note: This video didn't get the visual treatment I give my videos. My home office is less waterlogged than on Friday, but still not as dry as Thursday. A water line broke and wrecked my ceiling and floor. I'm getting closer to full capacity. Soon!)

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CHAPTERS

00:00 The Battlelines Are Drawn: Visa and Circle, with many others coming in

04:26 The Deadline That Passed Quietly

08:59 Visa Becomes a Consortium Again

15:04 Where This Leaves XRP and Canton

20:38 What Would Prove Me Wrong

SOURCES

GENIUS Act rulemaking scoreboard:

Rulemaking tracker (cross-check):

Visa corporate history ("Our journey begins in 1958"):

Standard Chartered justin crawford $2T forecast:

Forecast reaffirmed Feb 2026:

Open USD launch coverage:

Open USD partner analysis:

CRCL 17.55% drop, $62.63 close:

BNY makes USDC first stablecoin on custody platform (June 29):

Standard Chartered first G-SIB for USDC minting (July 2):

Why the banks built stablecoin rails:

Circle: USDCx live on Canton via xReserve:

Canton Network on USDCx: