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      Mastercard Launches Open USD Stablecoin via BVNK Platform

      Mastercard has announced the launch of Open USD, a dollar-pegged stablecoin known as OUSD, which became available to businesses on September 30, 2026. The stablecoin is being distributed through BVNK, a stablecoin infrastructure firm that Mastercard acquired earlier this year for up to $1.8 billion. While Mastercard is acting as the distributor, the actual development of OUSD was carried out by the Open Standard consortium, which consists of over 200 companies contributing more than $1 billion in liquidity.

      OUSD operates on multiple blockchains, including Base, Ethereum, Solana, and Tempo, allowing for seamless transactions across different networks. This multi-chain capability is designed to mitigate risks associated with reliance on a single blockchain. The consortium model behind OUSD is significant, as it diversifies control and liquidity among a wide range of contributors rather than concentrating it within a single entity.

      BVNK's extensive operational reach in more than 130 countries and its processing of approximately $30 billion in stablecoin payment volume annually provide a robust distribution channel for OUSD. Additionally, BVNK holds over 25 regulatory licenses, including a MiCA license that aligns with the European Union's crypto regulations, positioning Mastercard favorably in key markets. The success of OUSD will depend on how much of BVNK's existing volume transitions to the new stablecoin and the speed at which the consortium's liquidity is utilized.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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