Visa, Mastercard, BlackRock, Coinbase Back Open USD (OUSD) Stablecoin

A new stablecoin called Open USD (OUSD) was launched today, backed by over 140 partners in finance and technology, including Visa (V), Mastercard (MA), BlackRock (BLK), Coinbase, and Stripe. OUSD aims to offer a different economic model compared to existing stablecoins like USDT and USDC.

What Makes OUSD Different

OUSD adopts a revenue-sharing model where a portion of the returns from reserves is distributed to holders. This contrasts with the traditional model where the issuer (e.g., Tether or Circle) keeps all reserve interest. According to the source, this model could attract investors seeking additional yields.

Partners and Support

The partner list includes prominent names such as Visa, Mastercard, BlackRock, Coinbase, and Stripe, giving OUSD immediate credibility in the market. The size of reserves and audit mechanisms have not been disclosed yet, but the involvement of these names suggests a level of institutional trust.

Competition

Tether (USDT) and Circle (USDC) dominate the stablecoin market with a combined market cap exceeding $150 billion. OUSD may face challenges breaking into this market, but its revenue-sharing model could be a strong differentiator. More details on the launch plan and availability are expected in the coming weeks.

What This Means for Investors

The launch of OUSD with backing from major companies could shift dynamics in the stablecoin market, but it is still in early stages. Investors should monitor regulatory developments and market adoption before making any decisions.