Stripe, Visa-Backed Consortium Launches Dollar Stablecoin

Open Standard, backed by more than 100 corporations including Visa, Stripe and Mastercard, has issued a US dollar-pegged stablecoin. It is one of the more ambitious efforts to bring digital money into wider use.

• Open Standard is backed by over 100 corporations
• Backers include Visa, Stripe and Mastercard
• The stablecoin is pegged to the US dollar
• The token was issued on Wednesday