Visa, Mastercard and Coinbase Have Launched a New Global Stablecoin

Visa, Mastercard and Coinbase have launched a new global stablecoin

A new stablecoin venture backed by some big financial institutions is launching.

Latest Visa, Mastercard and Coinbase have launched a new global stablecoin in Cryptocurrency

Cryptocurrency The venture is called Open Standard and the coin is tied to the US dollar. A consortium of businesses led by Visa, Mastercard and Coinbase have launched a joint stablecoin, as reported by Reuters . Over 140 businesses are involved in the stablecoin network, which is called Open Standard. The group plans on launching a coin tied to the US dollar called Open USD, which should be available later this year.Introducing Open USD: a stab…

Consortium including Visa, Mastercard jointly launch new global stablecoin

It is aimed at increasing the usage of the digital tokens worldwide by addressing hurdles that businesses face in scaling stablecoin adoption Read more at The Business Times.