17h ago

Mastercard-, Visa- and Stripe-backed stablecoin project Open USD launches on Ethereum, Solana, Base and Tempo

AI Market Summary

Open USD, backed by Mastercard, Visa and Stripe, launched across Ethereum, Solana, Base and Tempo, signaling deeper institutional participation in on-chain payments and settlement. While USDT and USDC still dominate, a credible new entrant could accelerate stablecoin competition, liquidity fragmentation, and adoption of compliant rails. Near-term, the most direct impact is on the listed settlement networks, especially Ethereum-based DeFi integrations.

Impact level

● Medium

Affected assets

ETH/USDT+0.03%

AI Insight · ETH/USDTAI Insight

▲ Bullish

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Open USD, a stablecoin project backed by Mastercard, Visa and Stripe, launched on Wednesday across Ethereum, Solana, Base and Tempo. The project is positioned as an open standard aimed at payments, banking, settlement and institutional trading. It is targeting a stablecoin market still dominated by USDT and USDC.

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