Visa, Stripe, Coinbase and BlackRock back Open USD consortium stablecoin
Over 140 firms including Visa, Mastercard, Stripe, Coinbase, BlackRock and Google unveiled Open USD (OUSD), a Treasury-backed stablecoin with free mint/redeem that shares reserve income with distributors; launch later in 2026 on Solana, Stellar, Base and Polygon. Circle shares sank 16%.
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