Open Standard has launched OUSD, a stablecoin backed by 140 enterprises including Visa and Mastercard. OUSD adopts a collaborative management model and distributes protocol revenues to participants. Despite the strong partner network, analysts believe OUSD will struggle to challenge the dominance of USDT and USDC. The launch marks a significant step by traditional financial giants into stablecoin infrastructure, potentially boosting global stablecoin adoption.
OUSD Launch: 140 Giants Support Collaborative Revenue-Sharing Model
Open Standard has launched OUSD, a new stablecoin supported by 140 enterprises including Visa and Mastercard. Unlike traditional stablecoins, OUSD adopts a collaborative management model where protocol revenues are distributed directly to participants, offering an alternative incentive structure that aims to challenge the status quo dominated by USDT and USDC.
Despite the strong consortium of backers, market analysts remain skeptical about OUSD's ability to disrupt the duopoly of USDT and USDC in the near term. However, the initiative is noteworthy: it signals the active participation of traditional financial giants in stablecoin infrastructure, which could pave the way for higher adoption rates of stablecoins in the global financial system.
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