Crypto
Visa-Backed Consortium Launches US Dollar-Pegged Stablecoin OUSD
A consortium of major corporations, including Visa Inc., Stripe Inc., and Mastercard Inc., has launched a US dollar-pegged stablecoin called OUSD. The launch marks one of the more ambitious efforts to bring digital money into wider use.
Open Standard, the company behind the token, is backed by over 100 corporations. According to its blog post, Visa, Stripe, Mastercard-owned BVNK, and Coinbase Global Inc. will offer initial access to the coin.
The OUSD stablecoin is now available to businesses and software developers looking to use it to build new products and services.