• Open USD: Companies contest their presence in the consortium.
The launch of the Open USD (OUSD) stablecoin was intended to unite 140 companies around a shared dollar. However, just days after the announcement, several companies listed in the consortium claimed they had never formally confirmed their participation.
• The launch of the OUSD stablecoin marred by controversy
Announced on June 30th, Open USD (OUSD) is presented as the most ambitious stablecoin ever launched. Backed by a consortium called Open Standard, the project boasts more than 140 partner companies, including Visa, Mastercard, Stripe, American Express, Coinbase, and BlackRock.
Rather than a single issuer capturing all the revenue from the reserves, the OUSD proposes a shared ownership model. Participating institutions can mint and redeem the token without volume limits, while sharing the revenue generated by the reserves.
But the launch has been accompanied by the beginnings of controversy. Indeed, several companies appearing on the official list say they have not been formally committed to the project.$USDC
The launch of the Open USD (OUSD) stablecoin was intended to unite 140 companies around a shared dollar. However, just days after the announcement, several companies listed in the consortium claimed they had never formally confirmed their participation.
• The launch of the OUSD stablecoin marred by controversy
Announced on June 30th, Open USD (OUSD) is presented as the most ambitious stablecoin ever launched. Backed by a consortium called Open Standard, the project boasts more than 140 partner companies, including Visa, Mastercard, Stripe, American Express, Coinbase, and BlackRock.
Rather than a single issuer capturing all the revenue from the reserves, the OUSD proposes a shared ownership model. Participating institutions can mint and redeem the token without volume limits, while sharing the revenue generated by the reserves.
But the launch has been accompanied by the beginnings of controversy. Indeed, several companies appearing on the official list say they have not been formally committed to the project.$USDC
