Visa, Stripe, BlackRock and 140+ companies back Open USD stablecoin to compete with Tether and Circle
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by Duncan Riley
Summary
A consortium of over 140 major financial and payments companies, including Visa, Stripe, and BlackRock, is backing a new stablecoin called Open USD (OUSD) to challenge dominant players Tether and Circle. The token is operated by Open Standard LLC with a board drawn from its partners, and is set to launch later this year.
Source
bskyVisa, Stripe, BlackRock and 140+ companies back Open USD stablecoin to compete with Tether and Circlesiliconangle.comKey quotes
· 2 pulledA consortium of more than 140 financial, payments and technology companies, including Visa Inc., Stripe Inc. and BlackRock Inc., is backing a new stablecoin called Open USD, taking direct aim at the market leaders Tether and Circle Internet Group Inc.
The token, also known as OUSD, was unveiled by Open Standard LLC, an independent company that will operate it with a board drawn from its partners.
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