Thursday, July 16
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Topic: open-usd

A card payment terminal
Crypto
Thursday, 7/16, 04:30 PM

Visa Launches a Stablecoin Platform as an Industry Consortium Circles Circle

  • Visa unveiled infrastructure to let banks and fintechs issue and move stablecoins, and threw its weight behind Open USD, a token backed by a 140-company group including Mastercard, Stripe, BlackRock and Coinbase.
  • The push targets the profit model of Circle, the USDC issuer, whose shares slipped again on the news after a much steeper fall two weeks ago.

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