Visa and MasterCard form new global currency coalition

Open Standard, a coalition comprising Visa, Mastercard, and Coinbase, has launched a new dollar-linked stablecoin called Open USD. The initiative aims to promote the global adoption of stable cryptocurrencies by making their issuance and redemption easier, without fees or size limitations, and to support the expansion of companies' operations with shared revenues after cost deductions. This currency will enable institutions to process transactions more efficiently and facilitate its adoption across international markets.

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