More than 140 companies joined a consortium called Open Standard to launch Open USD, a new stablecoin for global money movement

Stablecoins are being rapidly adopted for their speed, cost, and programmability, with transaction volume approaching that of the ACH network.1 At the same time, businesses still face significant hurdles: fees to mint and redeem most stablecoins are prohibitively expensive at larger volumes; companies aren’t always able to benefit from the revenues earned on the underlying reserves; […]