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The launch of OUSD could disrupt stablecoin economics, pressuring issuers to adapt as major industry players back this new model. The post Circle shares fall 16% as Open Standard unveils rival stablecoin backed by Visa, Stripe, and Coinbase appeared first on Crypto Briefing.
BlackRock, Coinbase, Ripple, Mastercard, and more than a dozen financial firms have partnered to launch OUSD, a new stablecoin that distributes reserve earnings to participating institutions through a shared governance model. Open Standard announced that OUSD is scheduled to launch…
Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to move money across borders without the fees that come with most existing tokens. Open Standard, the independent company set up to run the project, announced Open USD on Tuesday. The coin is designed for businesses […]
A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are designed to flow to the businesses that adopt it rather than to a single issuer.
