Visa, Mastercard, Stripe, Coinbase-backed Open USD goes live
Open USD (OUSD), a stablecoin that businesses can mint and redeem at no cost and with no artificial limits on volume, is now live.OUSD is purpose-built for use cases across banking, cross-border payments, settlement, institutional trading, and more, according to a post published on Wednesday by Open Standard.The launch enables businesses and developers to build with OUSD across a range of critical services, including settlement, payment orchestration, trading, FX, wallets, cards, and more. Visa , Mastercard , Stripe (), and Coinbase offer APIs and tools.The stablecoin is issued by Bridge, a Stripe company, with reserves held at BlackRock , Lead Bank, and BNY . The partners include over 200 financial institutions, fintechs, banks, and global businesses. Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.