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Visa, Mastercard and 140 firms launch Open USD, a stablecoin built to undercut Circle — Blankdot

thenextweb.com1 month ago

Visa, Mastercard and 140 firms launch Open USD, a stablecoin built to undercut Circle

Visa, Mastercard and 140 firms launch Open USD, a stablecoin built to undercut Circle

Aconsortium of more than 140 financial and technology companies, among them Visa, Mastercard, Stripe and Coinbase, launched a new dollar-pegged stablecoin on Tuesday called Open USD. The venture, run by an independent company named Open Standard, is a direct swipe at the economics that have made…

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