News linked to both this project and an event.
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.
OKX CEO Star posted on X, stating that OKX began its European expansion in 2018 and has collaborated continuously with regulators and the crypto community over the past eight years, gradually transforming from a technology company into a regulated fintech firm. He emphasized that OKX consistently corrected mistakes and rapidly optimized its operations throughout this evolution. OKX is the world’s first institution to obtain an MiCA license and also holds both a Payment Institution (PI) license and an MiFID license. It now offers euro deposit and withdrawal channels in Europe, zero-fee stablecoin payments powered by the Mastercard network, hundreds of spot trading pairs, and derivatives services covering cryptocurrencies, commodities, and equities.
: OKX CEO Star stated on X that OKX has been operating in Europe since 2018. Over the past eight years, it has continuously collaborated with regulators and the crypto community, gradually transitioning from a technology company to a regulated fintech firm. Star emphasized that the company constantly corrects mistakes and rapidly optimizes during its development. OKX is the first institution globally to obtain the MiCA license, and also holds a Payment Institution (PI) license and a MiFID license. It currently provides Euro fiat on-ramp and off-ramp channels, zero-fee stablecoin payments via the Mastercard network, hundreds of spot trading pairs, and derivatives services covering crypto, commodities, and equities in Europe.On the product front, OKX has built Agentic infrastructure, enabling users to interact with the platform through AI Agents, and is continuously developing new products for the next generation of financial experiences. Star also mentioned that OKX is the first global platform to publish Proof of Reserves (PoR) for over 40 consecutive months, and has its group financial statements audited by a Big Four accounting firm to enhance transparency and financial governance.
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)
: Payment giant Mastercard has announced that it has obtained a BitLicense from the New York State Department of Financial Services (NYDFS), allowing it to conduct digital asset-related businesses under a strict regulatory framework, including stablecoins and blockchain settlement infrastructure. The license was obtained by Mastercard Transaction Services (U.S.) LLC, marking the company's further expansion into digital payments and on-chain settlement infrastructure. BitLicense is one of the strictest crypto regulatory frameworks in the United States, requiring firms to meet multiple standards for capital reserves, compliance, security, and consumer protection.Mastercard stated that this approval will support its strategic layout in stablecoins and tokenized payments. Company executives pointed out that a clear regulatory framework helps drive digital assets from the experimental stage toward practical applications.Recently, several institutions, including Galaxy Digital and Strike, have also successively obtained BitLicenses, indicating that U.S. regulatory approvals are accelerating the opening up to compliant digital asset enterprises. (CoinDesk)
stablecoin infrastructure startup Rain is now valued at $1.95 billion and has announced a partnership with payment giant Mastercard to issue credit and prepaid cards, while also exploring the use of stablecoins for payment settlements. Previously, Rain primarily relied on the Visa network for its card products. This collaboration with Mastercard marks its entry into a "dual-card network" strategy, further expanding its institutional client market. Rain stated that the partnership will focus on serving large institutional clients already deeply integrated with a single payment network, enabling them to introduce stablecoin settlement capabilities without altering their existing payment systems.Meanwhile, the application of stablecoins continues to expand across the industry, with institutions such as Stripe and Coinbase actively promoting the integration of stablecoin payments and settlements. This indicates that the convergence of traditional finance and crypto payment infrastructure is accelerating. Analysts suggest that as regulatory frameworks gradually become clearer, stablecoins are rapidly transitioning from trading tools to enterprise payment and cross-border settlement infrastructure. (Fortune)
According to The Block, MoonPay has launched the stablecoin debit card “MoonAgents Card,” enabling AI agents and users to spend directly from on-chain wallets. The card is integrated with the Mastercard network and issued by Monavate, a regulated global payment platform.