Visa Mastercard and Coinbase join Open USD as partner-led stablecoin increases DeFi yield war

Crypto users spent years making USDC the default dollar of institutional DeFi trading, lending, and settlement, but Open Standard's new Open USD stablecoin is testing whether the dollars users hold can be repaid. Open Standard says businesses will be able to mint and redeem Open USD for free, at unlimited volume, and that reserve earnings […] The post Visa Mastercard and Coinbase join Open USD as partner-led stablecoin increases DeFi yield war appeared first on CryptoSlate.