Open USD Stablecoin Launches with Visa, Mastercard Backing
Open USD (OUSD), a stablecoin backed by over 140 firms including Visa, Mastercard, and Coinbase, launched today. Circle's USDC dropped 17.5% as OUSD gained adoption, including inflows into Morpho vaults.
Detected & updated continuously · Source: Ruma
Mentioned
Morpho (morpho)
@Mastercard
@coinbaseSources
@waverchocs
This is the biggest competition Tether and Circle have ever faced. They have distribution already but I’d be concerned just off the level of firms adopting OUSD from day one.
@adidogCEO
this is interesting looks like both VISA and MASTERCARD are getting behind it my adventures into the irl payment processor world lately has made me realize how powerful these two entities truly are $oUSD is a terrible ticker though, $USDO would've been better
@Acein01
써클이 17.5% 하락했습니다. Visa, Mastercard, Stripe, BlackRock 등 140개 이상의 기업이 참여하는 새로운 스테이블코인 Open USD가 공개되서 그런 것 같습니다. OUSD (Open USD)는 무료로 발행하고, 상환과 준비금 이익을 참여 기업들과 공유한다고 합니다. 스테이블코인은 확실한 미래라고 https://t.co/IVvkANrZIi
@portals_fi
Open USD (OUSD) launched today, backed by 140+ firms including Visa, Coinbase, and with @Morpho on the partner list. Within hours, the majority of Morpho vaults on Portals saw net inflows; one grew TVL 43% in a day. Worth watching where news moves money. https://t.co/IT6VT4c7Rv