Wu Blockchain (@WuBlockchain): Visa, BlackRock and Coinbase Join Open Standard’s New Stablecoin OUSD
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Visa, BlackRock and Coinbase Join Open Standard’s New Stablecoin OUSD Open Standard announced Open USD (OUSD), a new stablecoin for global payments and settlement, with more than 140 companies joining its ecosystem, including Visa, Stripe, Mastercard, BlackRock, BNY, Coinbase, Ripple, Google, Shopify, Bybit, OKX and Solana. OUSD will use a consortium-governance model, allowing partners to share reserve earnings after a small management fee and participate in governance rather than being controlled by a single issuer. The stablecoin will support zero-fee minting and redemption, with no artificial issuance limits, and is expected to go live later this year. Zach Abrams, co-founder and CEO of Stripe-owned Bridge, will serve as Open Standard’s founding CEO.