Open Standard has launched a new stablecoin OUSD backed by 140 companies including Visa and Mastercard, featuring collaborative governance and revenue sharing. Despite the strong consortium, analysts believe OUSD will struggle to challenge USDT and USDC's dominance in the near term. The move signals traditional finance's growing engagement with stablecoin infrastructure which could boost global adoption over time.
Background of OUSD Launch and Partners
Open Standard has officially launched its stablecoin OUSD, announcing support from 140 enterprises including payment giants Visa and Mastercard. OUSD adopts a collaborative management structure where generated returns are distributed to participants, aiming to challenge the existing centralized stablecoin models of USDT and USDC.
Market Impact and Industry Views
Despite the impressive consortium of backers, industry analysts believe OUSD will find it difficult to shake the market positions of USDT (approximately $120 billion market cap) and USDC (approximately $35 billion market cap) in the short term. However, the launch marks a significant step by traditional financial giants into stablecoin infrastructure, potentially increasing the global financial system's adoption rate of stablecoins in the long run and promoting further regulatory development.
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