Cryptocurrency Project Backed by 140 Companies Including Visa and BlackRock Launched! This Giant Altcoin Was Selected!

Open USD ($OUSD), a next-generation stablecoin project targeting institutional investors, is preparing to launch.

OpenUSD ($OUSD), a stablecoin aimed at institutional investors and backed by a consortium of over 140 companies including Visa, Mastercard, and BlackRock, will initially be launched on Ethereum.

The news was announced by Ethereum Institutional, an independent non-profit organization focused on the adoption of Ethereum by institutional investors, in a statement from its official X account.

“Visa, Mastercard, Stripe, BlackRock, BNY Mellon, and over 140 participating companies are bringing $OUSD to Ethereum for the first time.”

Corporate Payment Infrastructure Targeted!

According to the statement, Open USD ($OUSD) is positioned as a stablecoin designed to make it easier for companies to conduct digital dollar transactions.

Open Standard, the company behind the project, aims to enable businesses to mint and redeem $OUSD without fees or volume limits.

One of the notable features of this stablecoin is its reserve revenue model. Open USD plans to share the returns from its reserves with partners participating in the ecosystem after deducting operational management fees. This structure stands out as a different revenue sharing approach compared to some existing large stablecoin models.

Finally, the launch of $OUSD on the Ethereum network is of great importance in further solidifying the platform’s leading position in the institutional finance space. This is because Ethereum stands out as a significant infrastructure for institutional use in stablecoins, real-world assets (RWA), and tokenization applications.

*This is not investment advice.