Search results for OpenStandard
Crypto
Visa develops enterprise stablecoin management platform to support OUSD
Visa is launching a platform designed to help banks and fintech companies handle stablecoins more easily, Fortune reported on Wednesday. Fortune said Visa will roll out the platform alongside the OpenStandard (OUSD) stablecoin involving more than 140 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase. A launch date was not disclosed. OUSD is set for release in the second half of this year and allows issuance and redemption without fees or volume limits.
Crypto
OpenUSD aims to reshape stablecoin revenue model, compete head-on with USDC
OpenStandard has unveiled OpenUSD, a stablecoin that shares reserve income with distribution and payment partners rather than paying returns directly to holders. The project is positioned as a shared infrastructure with more than 140 named partners, including Visa, Stripe and Coinbase. Key disclosures such as supply, redemption history and reserve details have not been released, with launch expected in late 2026. The model comes as U.S. policymakers debate restricting yield on payment stablecoin balances.
AI & Enterprise
New stablecoin OpenUSD gains traction as 140 firms including Stripe and Visa join
More than 140 companies including Stripe, Visa, Mastercard, Coinbase and BlackRock are joining forces to introduce a new stablecoin, OpenUSD, The Information reported. The project is seen as a challenge to a stablecoin market dominated by Circle and Tether. Circle shares fell 14 percent on Tuesday after the announcement. OpenUSD will share reserve income with distribution partners, unlike Tether and with a different structure than Circle.