Visa, Stripe and 140 others back new Open USD stablecoin to challenge Tether

A consortium of more than 140 financial, payments and technology companies, including Visa Inc., Stripe Inc. is backing a new stablecoin called Open USD, taking direct aim at the market leaders Tether and Circle Internet Group Inc. The token, also known as OUSD, was unveiled by Open Standard LLC, an independent company […] The post Visa, Stripe and 140 others back new Open USD stablecoin to challenge Tether appeared first on SiliconANGLE .