Summary
Open Standard, a consortium of more than 140 banks, fintechs, payment and crypto companies, launched the stablecoin OpenUSD (OUSD), issued on Base, Ethereum, Solana and Tempo, with Mastercard, Visa, Stripe and Coinbase as founding partners providing roughly $1 billion in initial liquidity. Its mode…
Key points
- Payment firms, merchants and wallet developers can assess whether to connect to this stablecoin clearing path backed jointly by card networks and Stripe.
- A stablecoin directly endorsed by card networks and Stripe could change which digital dollar merchants and consumers choose in payment scenarios.
- If volume incentives work, merchants and payment providers could see lower cross-border clearing costs than current options, pressuring incumbents' market share.
Editorial note
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