Major Financial Giants Plan to Jointly Launch Stablecoin OUSD

CoinFeed June 30 news, according to Bloomberg, dozens of financial institutions including Visa, Stripe, Mastercard, BlackRock, and Coinbase are preparing to launch a new stablecoin OUSD, aiming to build an on-chain dollar infrastructure for institutional-grade payments and settlements. According to reports, OUSD operates on a consortium model, and participating institutions will share reserve earnings and related revenue from the stablecoin. This means the stablecoin business model is shifting from a single issuer dominance to a revenue distribution system jointly participated by payment, asset management, and crypto platforms, potentially further accelerating the integration of traditional finance and on-chain payments.