Story preview
Topics in this story
Continue reading on the publisher site for the full article.
Read on publisher →Yahoo Finance
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
5
in the last 3 days
First reported
2 days ago
4 outlets since
Countries
4 other outlets reported this story in the last 3 days.
Visa, Mastercard, Stripe, Coinbase, and Shopify committed $1 billion to Open USD. Is the stablecoin a challenge to Tether, USDC, and RLUSD?
Visa, Mastercard, Stripe, and Coinbase just pooled $1 billion behind a brand-new stablecoin that shares its profits with partners rather than hoarding them, and that single design choice puts one established giant directly in the crosshairs.
Open USD stablecoin went live September 30 on Stripe, Visa, and Mastercard, giving businesses a dollar-pegged payment token that charges no minting fees and redirects most reserve interest back to the 200-plus companies distributing it - unlike Tether and USDC, which retain that yield. EU-regulated