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Visa, Mastercard and Coinbase have launched a new global stablecoin
Key takeaways
- 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.
- Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.https://t.co/jqgDRs6mKf
The venture is called Open Standard and the coin is tied to the US dollar.
Unsplash/Stephen Phillips. 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
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