Visa and Mastercard co-found OUSD stablecoin through Open Standard
- —Visa and Mastercard hold equal equity stakes in Open Standard with Coinbase, Stripe and Shopify
- —The five founders committed more than $1 billion to back OUSD liquidity
- —OUSD went live on Ethereum, Solana, Base and Tempo with fee-free 1:1 mint and redemption
- —Reserves sit with BlackRock, BNY and Lead Bank, with monthly attestations published
Why it matters: The card networks are funding a stablecoin that could bypass their own toll-booth economics, intensifying competition with USDT and USDC.
Source: Crypto Briefing
More on this
Exchanges · Sep 25Open Standard unveils new structure; Coinbase, Mastercard, Stripe and Visa join as founding partners
DeFi · Oct 3Open USD (OUSD) stablecoin backed by Visa, Mastercard and Coinbase launches
DeFi · Oct 4Open Standard Launches OUSD Stablecoin With $1B Backing and Chainlink as Data Oracle