A colossal financial consortium led by credit card giants Visa and Mastercard, alongside Coinbase, has launched a new global stablecoin called “Open USD”. The initiative is grouped under the “Open Standard” network, an alliance that integrates more than 140 technology and financial companies with the direct goal of driving mass corporate adoption of digital assets.
The emergence of Open USD seeks to resolve the operational barriers of cost and scalability that hold back traditional companies from adopting stablecoins at a large scale. The token operates in full compliance with the federal regulations of the U.S. GENIUS Act, offering minting and redemption without volume limits or added fees, which promises to shake up a current $313 billion dollar market dominated by USDT and USDC.
With projections pointing to this sector reaching $2 trillion dollars by the year 2030, the next step for Open Standard will focus on fully integrating this asset into everyday commercial payment systems.
Source: https://goo.su/zADwTIMÂ
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