Visa, Stripe, Coinbase and more join Open USD stablecoin that shares reserve revenue
The Block·
60-second summary
Visa, Stripe, Coinbase, and other prominent companies are joining Open Standard's Open USD stablecoin, which is set to launch later this year. Businesses will be able to mint and redeem Open USD without fees or volume limits, a move that could significantly reduce costs for users and increase adoption of stablecoins in the financial industry.
Expected to launch later this year, Open Standard said businesses will be able to mint and redeem Open USD without fees or volume limits.