BlackRock, Coinbase, Ripple Back OUSD Stablecoin With Shared Revenue Model

BlackRock, Coinbase, Ripple, Mastercard, and several other financial and technology companies have joined forces to support the launch of the Open Standard OUSD stablecoin, a new digital dollar initiative designed to improve stablecoin infrastructure through collaborative governance and shared reserve earnings. According to the announcement, the OUSD stablecoin is scheduled to launch later this year under the Open Standard organization. The project aims to address long-standing challenges in the stablecoin industry, including high minting and redemption costs, limited access to…  Read more

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