Visa and Mastercard back OUSD, a stablecoin that could cut into their own business
Photo: Crypto Briefing
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 that might go around them. Both card networks are founding partners in Open Standard, the group behind OUSD (Open USD) , a dollar-pegged stablecoin that officially launched on September 30, 2026. They hold equal equity stakes alongside Coinbase , Shopify and Stripe. Together, the five founders have committed over $1 billion to back the token’s liquidity.
Source: Crypto Briefing
