Stablecoin Adoption Heats Up: Ethereum Consortium Launches as Samsung, Africa and Japan Build Infrastructure

140+ — That's the size of the institutional consortium backing Open USD, a new stablecoin set to launch on Ethereum, representing the largest single collection of traditional finance powerhouses ever assembled for a single crypto asset.

Money Moves

• Open USD Launches on Ethereum — A consortium of Visa, Mastercard, Stripe, BlackRock, and BNY is bringing a new institutional-focused stablecoin to Ethereum, promising to distribute reserve earnings to...