According to Bloomberg, dozens of financial institutions including Visa, Stripe, Mastercard, BlackRock, and Coinbase are planning to jointly launch a new stablecoin called OUSD, which will adopt a revenue-sharing business model among partners. This marks a significant step in traditional finance embracing crypto assets.
Major Financial Giants to Launch OUSD Stablecoin
Bloomberg reports that dozens of financial institutions, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, have formed a coalition to launch a new stablecoin named OUSD. The stablecoin will operate under a revenue-sharing model among participating partners, distinguishing it from existing stablecoin issuers.
This initiative reflects the accelerating convergence of traditional finance and the crypto ecosystem. The involvement of payment networks, asset managers, and crypto exchanges could reshape the stablecoin landscape. Further details regarding the launch date and technical specifications are yet to be disclosed.
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