Stripe Ditches Fiat for Open USD in New Business Stablecoin Push

Open USD (OUSD) has launched as Stripe's default stablecoin for businesses. This move expands access to OUSD through Mastercard and Visa, with Coinbase set to join on October 1.

Mastercard is distributing OUSD through BVNK, while Visa is offering limited beta access. The launch follows months of preparation by Stripe to make OUSD its go-to stablecoin for business transactions.

The launch of OUSD as the default stablecoin comes at a critical time for businesses seeking more efficient and cost-effective payment solutions.