Exchanges· ★★★★· bullish·

Mastercard to offer Open USD stablecoin through its BVNK platform

  • —Mastercard will distribute OUSD to businesses via BVNK, acquired for up to $1.8 billion
  • —OUSD launched on September 30 by the Open Standard consortium, not by Mastercard
  • —The token runs on Base, Ethereum, Solana and Tempo from day one
  • —BVNK operates in over 130 countries and processes about $30 billion annually
Why it matters: A major payments brand entering stablecoins as a distributor could accelerate institutional adoption and intensify competition with USDT and USDC.
#OUSD
Source: Crypto Briefing
More on this
Exchanges · Sep 22
Mastercard-owned BVNK adds Stellar to stablecoin payments platform
 Exchanges · Sep 27
Mastercard completes $1.8B BVNK acquisition to expand stablecoin settlement
 Exchanges · Sep 30
Coinbase, Visa, Mastercard, Stripe and Shopify become founding partners of Open Standard, commit $1B to OUSD