Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Open USD Stablecoin Backed by Visa and BlackRock Launches on Ethereum

Guavy AI Editorial Team
Instruments
ETH USDT USDC
Share

A new institutional-focused stablecoin called Open USD (OUSD) is set to launch on Ethereum, backed by over 140 companies including Visa, Mastercard, Stripe, BlackRock, and BNY. The consortium behind OUSD aims to differentiate itself from established stablecoins like USDT and USDC by distributing earnings generated from reserve assets to ecosystem partners, rather than concentrating them with the issuer.

The decision to launch on Ethereum is significant, as it solidifies the network's position as the leading blockchain for institutional finance. As Fundstrat co-founder Tom Lee noted, 'Open USD choosing Ethereum is validation that after 11 years one blockchain reigns supreme for the future of finance.'

More on Crypto

Crypto just now

Dalio Holds onto Bitcoin but Still Prefers Gold

Crypto just now

Schumer Proposes Anti-Corruption Agency Amid Trump Crypto Ties

Crypto just now

Robinhood's Prediction Market Revenue Surpasses Crypto Trading

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy