Mastercard to offer Open USD stablecoin through its BVNK platform
Mastercard said it will offer Open USD through its BVNK platform, adding a BVNK route for access to the stablecoin. The integration is described as giving financial institutions, distributors and businesses a way to exchange and settle OUSD with fiat currencies and other stablecoins through existing infrastructure.
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Financial institutions, distributors and businesses are the groups that would notice this access change first, because the BVNK route opens a way to handle Open USD alongside fiat currencies and other stablecoins. That means the same existing infrastructure is the place where exchange and settlement can happen now.
What changes in practice is the route to Open USD through BVNK, which Mastercard said it will offer, while the text also says the existing infrastructure remains the place where exchange and settlement happen. The stablecoin is also described as spanning multiple chains, so the change is about access and routing rather than a new type of asset being introduced.
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