TREE NEWS update: Open Standard’s dollar stablecoin, Open USD, went live Wednesday on Ethereum, Solana, Base and Tempo, issued by Stripe’s Bridge. Stripe, Visa and Mastercard are opening the stablecoin to businesses, with Coinbase access beginning Oct. 1.
Open USD Stablecoin Launches on Ethereum, Solana, Base and Tempo
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AI take
The notable move here is distribution, not another dollar token: a payments-native issuer backed by Stripe and card-network partners is pushing a stablecoin straight into business payment rails, with Coinbase access following. That places Open USD in competition with existing dollar stablecoins less on crypto trading venues than on merchant settlement and treasury flows. The open question is whether card-network and exchange distribution translates into genuine payment volume rather than idle balances, and how incumbents respond on the same rails.
Generated by AI for reference only.
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