🚨 Latin America comes together to challenge the stablecoin monopoly!
Major banks and fintechs in the region have just made a historic shift in their commercial strategy.
Big players like Mercado Libre, Itau, Bradesco, BBVA, and Banorte, along with key crypto platforms such as Bitso and Lemon, have joined as founding partners in the global launch of Open USD (OUSD).
The goal is to retain profit margins and prevent users from leaving for traditional issuers like Tether or Circle. Backed by a consortium of more than 140 corporations worldwide, this alliance aims to transform local savings apps by distributing reserve yields in a completely new way.
#Stablecoins #OUSD #LATAM
Major banks and fintechs in the region have just made a historic shift in their commercial strategy.
Big players like Mercado Libre, Itau, Bradesco, BBVA, and Banorte, along with key crypto platforms such as Bitso and Lemon, have joined as founding partners in the global launch of Open USD (OUSD).
The goal is to retain profit margins and prevent users from leaving for traditional issuers like Tether or Circle. Backed by a consortium of more than 140 corporations worldwide, this alliance aims to transform local savings apps by distributing reserve yields in a completely new way.
#Stablecoins #OUSD #LATAM