Payment Giants Back New Open USD Stablecoin as Circle Shares Slide
Visa, Mastercard, Coinbase and Google are among dozens of firms backing Open USD, a new dollar-pegged stablecoin due later this year.
AfroEuropa Newsroom
AfroEuropa desk
A coalition of major payment and technology firms is throwing its weight behind a new dollar-pegged stablecoin called Open USD, a move that could reshape how digital dollars move across borders, including on the trade and remittance routes linking Europe with the United States and beyond.
Who Is Backing Open USD
According to Finextra Research, Visa, Mastercard, US Bank, Google and Coinbase are among the dozens of companies that have signed on to support Open USD, which is slated to launch later this year. Decrypt reported that the forthcoming token has attracted more than 100 major supporters in total, describing a broad alliance spanning card networks, banks and technology platforms.
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