Visa, Mastercard And Coinbase Have Launched A New Global Stablecoin
The venture is called Open Standard and the coin is tied to the US dollar.
A consortium of businesses led by Visa, Mastercard and Coinbase have launched a joint stablecoin, as reported by Reuters. Over 140 businesses are involved in the stablecoin network, which is called Open Standard. The group plans on launching a coin tied to the US dollar called Open USD, which should be available later this year.
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.https://t.co/jqgDRs6mKf
— Open Standard (@openstandard) June 30, 2026
This whole enterprise is an attempt to accelerate global usage of stablecoins. The value of these coins shouldn't fluctuate too much, as they are tied to the US dollar. However, research has indicated that stablecoins are still primarily being used for trading crypto assets and not for actually buying stuff.
"Existing stablecoins have great strengths,...
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