Open USD (OUSD) stablecoin backed by Visa, Mastercard and Coinbase launches
- —OUSD market cap hit $668 million, entering CoinMarketCap's top 20
- —88.4% of OUSD reserves are held in Treasuries via BlackRock, Lead Bank and BNY
- —OUSD is available on Ethereum, Solana, Base and Tempo networks
- —Trading is live on Coinbase, Kraken and Uniswap at $1
Why it matters: Major payment and exchange players are entering the stablecoin market, intensifying competition with USDT and USDC.
Source: Livecoins