OpenUSD: 140+ firms unite to build a shared stablecoin standard

More than 140 financial entities — including banks, card networks and payment aggregators — have joined forces to develop OpenUSD, a shared stablecoin standard. The initiative is a response to growing market fragmentation, where major institutions each attempt to launch their own digital currency. The project's backers argue that a landscape of dozens of competing stablecoins is unsustainable.

More on this topic

🪙 Crypto Stripe and Swift compete for control of next-gen digital payments infrastructure CoinDesk · 7d ago 🪙 Crypto Bolivia Considers Adding Tether's USDT to Its National Payments System CoinDesk · 12d ago 🪙 Crypto Hyundai becomes first major South Korean firm to use stablecoin for internal transfers CoinDesk · 15d ago

More on this topic

🪙 Crypto Stripe and Swift compete for control of next-gen digital payments infrastructure CoinDesk · 7d ago 🪙 Crypto Bolivia Considers Adding Tether's USDT to Its National Payments System CoinDesk · 12d ago 🪙 Crypto Hyundai becomes first major South Korean firm to use stablecoin for internal transfers CoinDesk · 15d ago