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OUSD stablecoin goes live with backing from Visa, Mastercard and Stripe

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Visa, Mastercard and Stripe are among backers of a new stablecoin called Open USD, or OUSD.

The consortium of backers comprises more than 100 companies, according to media reports.

Coinbase, Mastercard, Shopify, Stripe and Visa have committed more than $1 billion to seed the coin's initial liquidity.

Read more from Forbes.

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