What is Open USD and how could it quietly change business payments?
Open USD is a new US dollar stablecoin backed by Visa, Mastercard, Stripe, Google and more. This is why it matters for Australian businesses.
More than 140 global payments, tech and banking companies have backed a new US dollar stablecoin called Open USD.
What makes this interesting is that the mass consortium move is being pitched as business payments infrastructure rather than a retail crypto product.
The venture is run by an independent company called Open Standard, but includes launch partners such as Visa, Mastercard, Stripe, Google, Shopify, Coinbase and major banks.
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