OUSD Gains Backing from 140 Major Financial Firms

OUSD, a stablecoin, has secured backing from 140 prominent financial institutions, positioning itself as a competitor to Circle. Unlike traditional stablecoins, OUSD passes reserve earnings directly to the businesses that use it. This could challenge legacy stablecoin issuers by providing a more profitable alternative for corporate users.

Detected & updated continuously · Source: Nebula

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