Open USD (OUSD)

Open USD (OUSD), this new stablecoin, will run directly on Ethereum from day one.

OUSD is the one previously mentioned that is created by more than 140 companies, a powerful list: Visa, Mastercard, Stripe, BlackRock, BNY, as well as Coinbase, Google, etc. It is not issued by a single company, but by these large companies/institutions together as a “shared stablecoin”.

Because there are many participants, there have been many controversies before.

Its most special feature is:

The interest (revenue) earned from the reserve funds is almost entirely given to the partners that help promote and use it.

This differs from current USDC/USDT, where most of the earnings are taken by the issuers (Circle/Tether).

🚨 JUST IN: Visa is supporting Open USD ($OUSD) but says it is not trying to compete directly with Tether’s USDT or Circle’s USDC.

Visa CEO Ryan McInerney said the company’s role is to help clients connect to the stablecoin ecosystem securely and at scale, regardless of which stablecoin gains adoption.

How many people carry a Visa card every day without realizing blockchain is already being integrated behind the scenes?

Probably hundreds of millions.

Visa has billions of cards in circulation, yet most users will never know when stablecoins become part of the payment infrastructure.

That's because successful technology doesn't require the end user to understand it.

Just like people use the internet without knowing HTTP or TCP/IP, tomorrow's financial system will likely run on blockchain rails without consumers ever thinking about "crypto."

Visa's Stablecoin Platform isn't about replacing cards it's about giving banks and institutions the ability to mint, manage, settle, and move stablecoins within existing financial infrastructure.

The biggest changes in finance won't happen when everyone starts talking about blockchain.

They'll happen when people stop noticing it altogether.