Visa, Stripe, Mastercard, BlackRock and several other financial institutions are reportedly joining forces to launch the stablecoin OUSD.
According to Odaily, market sources report that several financial and crypto institutions, including Visa, Stripe, Mastercard, BlackRock, and a certain exchange, are planning to jointly launch a new stablecoin called “OUSD.” The stablecoin project is expected to adopt a multi-party collaboration model, with a revenue-sharing mechanism among the participating institutions. However, the specific structure, issuance timeline, and regulatory arrangements have not yet been publicly disclosed.
If confirmed, this news would mark a further deep integration between traditional payment giants and Wall Street asset management institutions in the stablecoin sector. As of now, the parties involved have yet to officially comment on the reports.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BoJ Summary of Opinions: Member says appropriate to keep raising rates in line with economy, price
Rio Tinto secures Bell Bay aluminum smelter operations till 2031
The British Pound rallies on a UK growth upgrade and gives more than half back
Only twice in history! S&P 500 equal-weight index is expected to record seven consecutive weeks of decline this week
The S&P 500 Equal Weight Index is expected to fall for a seventh consecutive week. If this downward trend continues through Friday, it will mark only the third time in history that the index has experienced seven straight weeks of decline.
Crypto prices
More
