Visa, Mastercard, and 140+ Companies Introduce Open USD Stablecoin
The stablecoin market is about to become much more competitive. A coalition of more than 140 companies, including Visa, Mastercard, Stripe, Coinbase, BlackRock, and several major financial institutions, has announced the launch of Open USD (OUSD), a new dollar-backed stablecoin.
Unlike many existing stablecoins, Open USD aims to change how the business works. It will charge no minting or redemption fees, and most of the income generated from its reserves will be shared with the companies that use and distribute the stablecoin instead of being kept by a single issuer.
#SICryptoNews #OPENUSD #bitcoin $BTC $LINK
$ETH
The stablecoin market is about to become much more competitive. A coalition of more than 140 companies, including Visa, Mastercard, Stripe, Coinbase, BlackRock, and several major financial institutions, has announced the launch of Open USD (OUSD), a new dollar-backed stablecoin.
Unlike many existing stablecoins, Open USD aims to change how the business works. It will charge no minting or redemption fees, and most of the income generated from its reserves will be shared with the companies that use and distribute the stablecoin instead of being kept by a single issuer.
#SICryptoNews #OPENUSD #bitcoin $BTC $LINK
$ETH