Visa launching internal stablecoin platform for clients that provides access to OUSD: report
The Block·
60-second summary
Visa is launching an internal stablecoin platform for clients, providing access to OUSD, Open Standard's stablecoin. This move is expected to challenge Circle's USDC dominance in the U.S. market, as OUSD gains traction. With Visa's vast client base, OUSD may become a significant competitor, potentially disrupting the stablecoin landscape and increasing competition for USDC's market share.
Open Standard's stablecoin is expected to become a major competitor to Circle's USDC, the dominant stablecoin in the U.S.