Visa, Stripe, Mastercard, BlackRock, Coinbase Launch OUSD Stablecoin on June 30

According to Bloomberg, multiple financial institutions including Visa, Stripe, Mastercard, BlackRock, and Coinbase are preparing to launch OUSD stablecoin on June 30. The stablecoin is designed to build on-chain dollar infrastructure for institutional-level payments and settlement.

OUSD will operate under a consortium model, with participating institutions sharing the reserve yields and revenue generated by the stablecoin.

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