Bloomberg: Visa, Stripe, Mastercard, BlackRock plan joint OUSD stablecoin launch

A coalition of global financial and crypto firms, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, is planning to jointly launch a new stablecoin called OUSD, Bloomberg reported. A source familiar with the matter told the outlet that the project is structured as a collaborative model where participating institutions share in the related revenue. However, specific details regarding its operational structure, launch schedule, and regulatory compliance framework have not yet been disclosed. The companies involved have not issued an official statement on the report. Meanwhile, the official OUSD blog lists 149 collaborating companies and institutions, including 12 South Korean firms such as Samsung Electronics and Dunamu.