Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Sheryl Estrada

Why CFOs should pay attention to Open USD—the new stablecoin backed by more than 140 companies

Michael Shaulov, chief executive officer and co-founder of Fireblocks Inc. (Credit: Getty Images)

Good morning. For CFOs across banks, payments companies, and nonbank lenders, Open Standard’s upcoming launch of Open USD, a new stablecoin for global money movement, deserves more than a cursory glance at yet another stablecoin brand.

With more than 140 financial institutions, payment networks, and technology partners—including Visa, Mastercard, American Express, Stripe, BlackRock, Citizens Bank, and Coinbase—participating, and with the initiative announced this week, Open USD represents a test of whether shared infrastructure for tokenized dollars can move from concept to operating reality.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.