Digital Finance & Tokenization▲impact 4
Open USD Stablecoin Backed by BlackRock and Visa to Launch on Ethereum
Open USD, a new institutional-focused stablecoin backed by a consortium of more than 140 companies including BlackRock and Visa, is set to launch on Ethereum from day one. The stablecoin, known as OUSD, is designed for institutional use and will debut on the Ethereum blockchain. The consortium backing the project comprises over 140 firms, with BlackRock and Visa among the prominent supporters. The launch marks a significant entry into the stablecoin market, targeting institutional clients with a focus on stability and compliance.
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OUSD · Technology · Positive Origin Dollar (OUSD) is the stablecoin launching on Ethereum, directly benefiting from the launch.
BLK · Demand · Positive BlackRock is a key backer of the OUSD stablecoin, which will drive demand for its asset management services.
V · Demand · Positive Visa is a prominent supporter of the OUSD stablecoin, expanding its payment network utility.