TLDR Tech / Fintech
Visa, Stripe among firms joining forces on mainstream stablecoin
Visa, Stripe, BNY, BlackRock, Coinbase, Chime, Klarna, Alphabet, and more than 100 other firms are backing Open Standard, a new venture that will issue a dollar-backed stablecoin called Open USD. The effort aims to create a shared stablecoin infrastructure with neutral governance and partner-aligned economics, challenging the dominance of Tether and Circle by distributing reserve yield among participating firms while integrating the token across major payment, banking, and fintech platforms.
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