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Mastercard announces Solana-based stablecoin OUSD

NewsFeeds update

Mastercard has announced Open USD, or OUSD, a stablecoin built on Solana that it says will shorten cross-border payment times and make transaction fees clearer. Visa, Coinbase, Stripe and Shopify are partners in the project.

StablecoinsCoinNessAIBullish

Read the original on CoinNess

The story so far: Open Standard OUSD stablecoin launch

Open Standard launched OUSD with Coinbase, Mastercard, Shopify, Stripe and Visa as founding partners, and Stripe adopted it for corporate payments. Stripe's Global Payouts now lets eligible US businesses send USDC and OUSD to external crypto wallets in over 160 markets, in public preview.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Open Standard updates structure; Zach Abrams leaves Stripe to become full-time CEO

  2. Open Standard stablecoin OUSD launches, issued by Stripe's Bridge

  3. Stripe adopts OUSD as default stablecoin for business payments

  4. Coinbase, Mastercard, Shopify, Stripe and Visa back new stablecoin Open USD

  5. Open Standard launches OUSD stablecoin with contribution-based equity plan

  6. Open Standard's OUSD stablecoin tops $470m supply two hours after launch

  7. Chainlink chosen as price oracle for Open Standard's OUSD stablecoin

  8. Coinbase adds OUSD transfers on Base, Ethereum, Solana and Tempo

  9. Mastercard to offer OUSD stablecoin transactions to businesses via BVNK

  10. Mastercard announces Solana-based stablecoin OUSD

  11. OUSD backers set 0.1 basis point fee and share reserve yield with partners

  12. Stripe lets US businesses send USDC and OUSD to wallets in over 160 markets

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.