CoinsAQ summary · neutral
Visa and Mastercard back OUSD, a stablecoin that could cut into their own business
What happened
The card giants joined Coinbase, Stripe and Shopify as equal founding partners in Open Standard's dollar-pegged token, backed by over $1 billion in liquidity commitments Visa and Mastercard have spent decades as the toll booths of global commerce. Now they’ve co-funded a road.
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