CryptoCointelegraphabout 1 hour ago
Visa and Mastercard back new stablecoin Open USD
1 min read
Open Standard launched Open USD (OUSD), a US dollar-pegged stablecoin backed by Visa, Mastercard, Coinbase, Ripple, OKX, and Bybit. More than 140 companies signed on to mint OUSD at no cost and keep reserve earnings. Circle's stock dropped over 16% on the news.
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