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Visa and MasterCard coalition unveils new global currency

Visa and MasterCard coalition unveils new global currency

Open Standard has launched a coalition that includes Visa, Mastercard, and Coinbase to create a new stablecoin called Open USD, pegged to the US dollar, with the aim of accelerating the global adoption of digital tokens. The currency will be issued later this year, allowing companies to issue and redeem the coin free of charge and without volume restrictions, in order to promote its broader use and support their business operations.

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