A new stablecoin, OpenUSD (OUSD), aimed at institutional investors and companies is preparing to launch on the Ethereum network. The project is backed by a consortium of more than 140 firms, including Visa, Mastercard, Stripe, BlackRock and BNY. Details such as the launch timetable, issuance structure, reserve assets, redemption method and compliance system have not been disclosed. Markets are watching how much institutional capital it can attract.

A U.S. Senate vote to bring the crypto market-structure \'Clarity\' bill to the floor is increasingly likely to be delayed until next week, complicating last-stage legislation. The industry wants leaders to at least begin the cloture process before the August recess. In South Korea, financial firms are accelerating digital-asset initiatives, including exchange shareholder changes, new teams for regulatory shifts, investments in blockchain networks and participation in a central bank digital currency pilot.