OpenUSD joins the stablecoin race, goes live with Coinbase, Mastercard, and Stripe
- Published
- In
- Stablecoins
OpenUSD launched across Ethereum, Solana, Base, and Tempo with backing from more than 200 founding partners, and the project is positioned to challenge USDC in payments and consumer networks. The launch also places Coinbase, Mastercard, and Stripe alongside the new stablecoin as it enters payment rails.
Key claims & sources
What it means
Users and payment partners notice a new stablecoin option in the rails tomorrow morning, because OpenUSD is already live on several chains and is tied to Coinbase, Mastercard, and Stripe. That puts a fresh participant into the part of the market where USDC was described as dominant in payments and consumer networks.
Market reaction i
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
AMBCrypto
scoop
Crypto Economy
context
Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 39 days ago | Citi reportedly partners with Coinbase to bring stablecoin payments to institutional clients event | 1 actors in common · 13 news media |
| 42 days ago | API3 Announces NPC Usage as Collateral for USDC Borrowing event | 1 actors in common · 2 news media |
| 44 days ago | Elon Musk's X brings crypto and stock trading via Coinbase, Kraken and Interactive Brokers partnership event | 1 actors in common · 2 news media |