Visa, Stripe, Mastercard, BlackRock and other financial institutions are reportedly planning to jointly launch a stablecoin called OUSD

Odaily reported that according to market sources, several financial and crypto institutions, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, are planning to jointly launch a new stablecoin named "OUSD".

The report states that the stablecoin project is expected to adopt a multi-party collaboration model and share related revenue mechanisms among the participating institutions. However, the specific structure, launch timeline, and regulatory arrangements have not yet been publicly disclosed.

If the news is confirmed, it would mark a further deep integration between traditional payment giants and Wall Street asset management institutions in the stablecoin sector. The parties involved have not yet officially confirmed the reports.