Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle

Visa, Mastercard, Stripe, Coinbase, and over 140 other businesses, including BlackRock, American Express, and Google, have launched Open USD (OUSD). This new yield-sharing stablecoin aims to challenge the dominance of Tether and Circle while reshaping the economics of the $300 billion stablecoin market. By introducing OUSD, these major firms seek to provide a competitive alternative to existing market leaders, leveraging a massive coalition of global financial and technology companies to disrupt the current landscape.