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Partner bank reported as the issuer of the Krak debit card in the United States.
Coinbase opened OUSD transfers on four chains on October 1, a day after the stablecoin it co-owns went live. Because Coinbase is one of its owners, the speed mostly shows Coinbase's own incentive; the case against USDT and USDC depends on venues and businesses that hold no equity.
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Stripe-owned Bridge is issuing the OUSD stablecoin on four blockchains, with reserves held at BlackRock, Lead Bank and BNY. Open Standard has not said how much has been issued, so its list of more than 200 partner businesses is the only size figure on record.
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World Money went live in more than 150 countries on Thursday, holding balances in eight currencies, funded through Stripe and paying yield through Morpho, where World warns depositors could lose some or all of their money.
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Nubank launched US accounts through a sponsor partnership with Lead Bank while it works to capitalize a subsidiary the OCC has conditionally approved. It also launched a stablecoin account advertising 3.50%.
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Nubank said in Miami it will soon sell higher-yield deposits, credit cards and payments across 35 countries in the United States, with a cofounder relocated to run it and a partner bank holding the permission it has applied for.
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The regulator cleared the core bank and moved leveraged FX, forwards, merchant acquiring and correspondent banking into a separate queue, each needing its own sign-off before Revolut can sell it in the States. No other charter it granted this year works that way.
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Up to 2% back on spending from 600-plus balances cannot be paid for out of capped debit interchange. That tells you what Kraken is actually buying.
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