Open USD Launches With 200+ Partners, Including Visa, Mastercard and Stripe
Visa, Mastercard and Stripe are among more than 200 Open Standard partners backing OUSD, whose model shares reserve income with participating businesses.
Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. They aim to combine the efficiency of blockchain transactions with the price stability of traditional money. Stablecoins are commonly used for trading, payments, and transferring value across crypto platforms. Some are backed by reserves, while others rely on algorithms or crypto collateral. Their growing use has made stablecoins a key bridge between traditional finance and the crypto economy.
Visa, Mastercard and Stripe are among more than 200 Open Standard partners backing OUSD, whose model shares reserve income with participating businesses.
HSBC RedCoin is planned for Hong Kong dollar payments through PayMe and the bank’s app, with issuance still to begin.
Standard Chartered sees ENA reaching $2 by end-2028 as USDe supply expands, institutional lending diversifies returns and revenue-funded buybacks support the token.
Tether has disclosed assisting US authorities in freezing nearly $550 million in Iran-linked USDT during 2026, backing broader Treasury sanctions against illicit digital asset networks.
Citi has deepened its infrastructure collaboration with Coinbase to solve operational friction for institutional clients, launching automated fiat-to-stablecoin conversion tools and merchant payment acceptance gateways.
Remarks from Ripple CEO Brad Garlinghouse highlight a flexible approach to cross-border settlement, noting that stablecoins can sometimes serve customer needs better than XRP.
Speaking at the US Treasury Market Conference, CFTC Chair Michael Selig outlined how real-world asset tokenization and 24/7 trading could reshape financial infrastructure.
BlackRock sees stablecoins as payment tools for AI agents, while a cited simulation study points to Bitcoin as a possible longer-term store of value.
Designed for institutional and corporate clients across Europe, the service will initially support Bitcoin, Ethereum, and leading stablecoins as traditional finance accelerates its integration with digital…
An attempt by Polish energy major Orlen to navigate Venezuelan oil sanctions resulted in a disastrous $400 million loss.