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But we saved everything 🙂.
Simon Taylor, co-founder at 11:FS, reports that Open USD (OUSD) has launched on Tempo with over $400 million in first-day liquidity.
The new stablecoin, built and governed by a group of more than 140 companies as announced earlier by Open Standard, allows businesses to mint and burn tokens at no cost using Coinbase, Stripe, Visa (VSP), and soon Mastercard.
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Simon Taylor has previously examined competitive developments in fintech. He highlighted Anthropic's push to build in-house billing and treasury technology. Taylor also reported on Split Pay's $125 million raise to support a rent float feature for U.S. renters.