Mastercard integrates a new stablecoin.
The company is integrating support for $OUSD, the new openstandard stablecoin, through BVNK, its payments infrastructure.
Businesses will be able to use $OUSD to make payments and settlements without having to change their existing systems.
They will also be able to issue and redeem $OUSD 1:1 for dollars with no fees through BVNK, Stripe, and Visa.
The stablecoin is backed by Coinbase, Mastercard, Shopify, Stripe, and Visa, with more than $1,000M committed for initial liquidity.
The stablecoin is already operating on Ethereum, #Solana , Base, and Tempo.
The major payment networks seem increasingly certain: stablecoins are moving from being a crypto alternative to becoming global financial infrastructure.
The company is integrating support for $OUSD, the new openstandard stablecoin, through BVNK, its payments infrastructure.
Businesses will be able to use $OUSD to make payments and settlements without having to change their existing systems.
They will also be able to issue and redeem $OUSD 1:1 for dollars with no fees through BVNK, Stripe, and Visa.
The stablecoin is backed by Coinbase, Mastercard, Shopify, Stripe, and Visa, with more than $1,000M committed for initial liquidity.
The stablecoin is already operating on Ethereum, #Solana , Base, and Tempo.
The major payment networks seem increasingly certain: stablecoins are moving from being a crypto alternative to becoming global financial infrastructure.