CryptoCoinDeskabout 1 hour ago
Open USD Stablecoin Launches With Visa, Mastercard Backing
7 min read
Open USD, backed by Coinbase, Mastercard, Stripe and Visa, went live Wednesday on Ethereum, Solana, Base and Tempo. The five founding partners each hold equal equity and committed over $1 billion for liquidity. Open Standard will distribute most equity over 4-5 years based on partners' contribution to OUSD supply and transaction activity, challenging Tether and Circle.
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