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.
