Visa and Mastercard form global stablecoin coalition

A coalition composed of Visa and Mastercard, in collaboration with the Coinbase platform, has launched a new stable digital currency called "Open USD." The initiative aims to promote the use of cryptocurrencies in global commercial transactions. The new network will enable companies to issue and redeem the currency fee-free, with shared reserve profits, to support the expansion of digital payments at the institutional level. This development comes amid a favorable legislative environment in the United States, with the "Genuine" law facilitating the adoption of stablecoins as everyday payment methods.

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