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Open Usd

All articles tagged with #open usd

business1 month ago•23 min saved

Stripe-PayPal deal could accelerate blockchain money adoption, Polygon exec says

A rumored Stripe-Advent bid to acquire PayPal could accelerate the move of money onto blockchain rails, with Polygon Labs' Aishwary Gupta predicting most money will be on-chain in coming years. The report also notes the Open USD (OUSD) stablecoin and PYUSD-related developments, while analysts offer mixed views on the deal’s impact beyond boosting stablecoin ambitions. PayPal shares rose on the rumor, and observers say Stripe could advance its goals without owning PayPal.

via The Block|

#business #open-usd #paypal

business1 month ago•8 min saved

Coalition-Backed Open USD Aims to Disrupt USDC on Solana

A coalition of more than 140 institutions—including Circle’s stablecoin distributor, Visa, Mastercard, Stripe, BlackRock, Coinbase, and Ripple—plans to launch Open USD (OUSD), a new dollar-backed stablecoin that will trade on Solana and pass nearly all reserve‑asset yields back to the issuers rather than holders. This design could pressure existing leaders like Circle’s USDC and Tether USDT, boost Solana’s ecosystem, and potentially affect other networks (like Ethereum) as new stablecoin liquidity moves to OUSD. Circle’s stock fell after the announcement as investors weigh the wider impact on the stablecoin landscape.

via The Motley Fool|

#business #circle-internet-group #open-usd

economy1 month ago•25 min saved

Ripple Joins Open USD Stablecoin Network, Expanding Rails Without an XRP Price Promise

Open USD is a large consortium-backed dollar stablecoin run by Open Standard, backed by Visa/Mastercard/Stripe/BlackRock and 140+ partners. Ripple joined as a day-one integration partner (not issuer), placing the XRP Ledger on one of several rails alongside RLUSD. The move signals Ripple’s strategy to diversify settlement rails and grow RLUSD, but it’s unlikely to meaningfully lift XRP’s price on its own, since the stablecoin’s earnings go to partner companies, ledger fees are tiny, and regulatory scrutiny remains a risk.

via 24/7 Wall St.|

#economy #open-usd #ripple

business1 month ago•15 min saved

Open Standard unveils Open USD, a global stablecoin backed by Visa, Mastercard and Coinbase

A consortium led by Visa, Mastercard and Coinbase launched the Open Standard network and a USD-pegged stablecoin called Open USD, aiming to scale stablecoins globally with open governance; the network has over 140 partners, and Open USD can be minted or redeemed at no cost with no volume limits, while earnings from the token’s reserves are shared among partners minus a management fee, with a launch expected later this year.

via Yahoo Finance|

#business #coinbase #open-standard

business1 month ago•16 min saved

Circle shares slip as major firms back Open Standard stablecoin plan

Circle Internet stock fell after Bloomberg reported a coalition of Visa, Stripe and more than 100 financial firms is launching the Open Standard venture to issue a US-dollar-backed stablecoin called Open USD, with Stripe’s Zach Abrams as interim CEO. Partners—including Visa, BlackRock, Klarna, Alphabet, Chime and Coinbase—plan to integrate the stablecoin into their systems later this year, potentially increasing competition with the dominant stablecoins USDC and USDT.

via Yahoo Finance|

#business #circle-internet #fintech