CoinGape·18h ago·positive

BlackRock, Coinbase, Ripple, Mastercard partner to launch OUSD stablecoin

BlackRock, Coinbase, Ripple, Mastercard and a dozen other firms are launching OUSD, a collaborative-governance stablecoin where partners share reserve earnings. It will launch on Solana and Tempo with zero-cost minting and redemption.

OUSD stablecoin will let businesses mint and redeem at no cost with no volume limits
Partners including BlackRock, Coinbase, and Mastercard will share earnings from reserve assets
Governance is collaborative through an Open Standard board made up of the partners
OUSD will launch natively on Solana and Tempo layer-1 networks
Ripple and Coinbase previously backed Mastercard's AI agent payment system using stablecoins

defimarketImpact 8/10

Why our editor rated this positive

Major institutional collaboration on stablecoin infrastructure signals growing mainstream adoption and improved stablecoin utility for businesses.

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Last updated 1 Jul 2026

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