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Visa, Stripe Join 140 Firms for New Revenue-Sharing Stablecoin
More than 140 companies, including Visa, Stripe, Mastercard, BlackRock and Coinbase, have joined Open Standard to support Open USD, a new stablecoin designed to share most of the earnings from its reserves with participating businesses. The launch group brings together payment networks, banks, asset managers, technology firms and crypto companies. That mix gives Open USD a broader starting base than many stablecoin projects that begin with a single issuer, exchange, or blockchain ecosystem. Open Standard said businesses will be able to mint and redeem Open USD without fees or volume limits. Most of the income ... (full story)
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