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The Economic Times
The Economic Times
Technology

Consortium including Visa, Mastercard jointly launch new global stablecoin

A consortium including Visa, Mastercard and Coinbase on Tuesday launched a new ​joint stablecoin in a ​bid to broaden the adoption of the digital tokens.

The venture, ​called Open Standard, brings together more than 140 businesses for the stablecoin network and will issue a new US-dollar pegged stablecoin called Open USD, which is expected to go ‌live later ⁠this year.

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