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The project, supported by Visa, Mastercard and many crypto companies, could be in a position to challenge Tether’s USDT and Circle’s USDC, currently the two largest stablecoins by market capitalization.
Open Standard unveils OUSD with shared governance backed by over 140 global partners. OUSD removes mint and redemption fees while sharing reserve earnings with partners. Visa, Coinbase, and BlackRock support OUSD to expand enterprise stablecoin adoption. Open Standard has introduced Open USD (OUSD), a new stablecoin designed for global payments and internet-based commerce. More than […] The post Open Standard Launches OUSD With Support From Visa, Coinbase, and BlackRock appeared first on Live Bitcoin News.
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…
