WS #15164
A consortium led by Visa, Stripe, and Mastercard has launched OUSD, a dollar-pegged stablecoin backed by $1 billion in planned liquidity. This move represents a significant institutional entry into the digital asset space, directly challenging the dominance of Tether (USDT) and Circle (USDC). The launch signals growing mainstream financial infrastructure integration with crypto, potentially driving long-term adoption of stablecoins for payments and settlement.
Institutional Stablecoin Launch
A consortium led by Visa, Stripe, and Mastercard has launched OUSD, a dollar-pegged stablecoin backed by $1 billion in planned liquidity. This move represents a significant institutional entry into the digital asset space, directly challenging the dominance of Tether (USDT) and Circle (USDC). The launch signals growing mainstream financial infrastructure integration with crypto, potentially driving long-term adoption of stablecoins for payments and settlement.