Project
Rival stablecoin backed by the Open USD consortium, described as the most credible competitive threat USDC has faced.
Visa and Mastercard took equal stakes with Coinbase, Stripe and Shopify in OUSD, a stablecoin the five founders back with over $1 billion. Its zero fees cover minting and redemption only, and the networks also back rival stablecoins, so the stake is one bet among several.
Reality
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.
Reality
Open Standard's OUSD stablecoin launched Sept. 30 with over $1 billion from Coinbase, Mastercard, Shopify, Stripe and Visa. Because partners collect most of the reserve yield, the payment firms that distribute stablecoins now have a revenue reason to push this one.
Reality
Upbit's parent gets Visa's network and a shortlist that includes an unlaunched consortium dollar coin. There is no launch date yet, because Seoul's draft law may reserve won-stablecoin issuance for bank-controlled groups.
Reality
Cathie Wood says analysts covering Visa and Mastercard are missing stablecoin disruption. Circle's $48M quarter finally gives the argument numbers, and the numbers cut both ways.
Reality