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Visa, Stripe, Coinbase and more join Open USD stablecoin that shares reserve revenue

More than 140 companies, including Visa, Stripe, Mastercard, BlackRock and Coinbase have joined Open Standard to launch Open USD (OUSD), a new stablecoin that shares most of the earnings from its reserves.Open Standard said businesses will be able to mint and redeem Open USD without fees or volume limits, while most of the income made by OUSD's reserves will be distributed to participating businesses after a small management fee. According to Open USD's website, the stablecoin is expected to lau...

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