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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the accelerating institutional adoption of digital assets, the OpenUSD consortium has officially launched with a massive roster of over 140 partners, including BlackRock, Visa, Shopify, and Ripple. The consortium aims to transform stablecoins into a standardized, shared infrastructure capable of supporting every layer of the global financial system. This initiative signals a major shift toward institutional ownership of stablecoin frameworks, bridging the gap between traditional finance and digital liquidity.
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Sign InThe launch comes amid intensifying competition in the digital asset space, as the group seeks to challenge the dominance of existing players like Circle. The involvement of payment giant Visa and asset management leader BlackRock provides significant institutional credibility, especially as the global stablecoin market cap has consistently remained above $160 billion per market data. Furthermore, the inclusion of Stripe and Coinbase strengthens the consortium's ability to build efficient, cross-border payment networks that prioritize transparency.
Investors should monitor the performance of key member stocks, with COIN closing at $159.24 and DBSDY at $202.47 as of the July 1, 2026 close. BlackRock (0QZZ.L) also stood at $978 at the same close. Looking ahead, market participants are eyeing the Chinese Manufacturing PMI data scheduled for June 30, which may provide broader macro context for global financial services and digital asset flows.