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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the growing trend of integrating traditional assets with decentralized technologies, the new institutional-focused stablecoin Open USD (OUSD) is set to launch on the Ethereum network. According to reports, the stablecoin is backed by a massive consortium of over 140 companies, including BlackRock and Visa, marking a significant push for stablecoin adoption within formal financial systems.
This announcement comes as shares of financial sector companies show mixed movements; BlackRock (0QZZ.L) stood at $1098.28 at the close of July 28, 2026, while Visa (3V64.DE) was at $314.1 at the close of July 30, 2026, per market data. The scale of the consortium involved in OUSD highlights the desire of major institutions to build financial infrastructure relying on Ethereum as a primary network for digital asset trading.
Traders should monitor the stability levels of digital assets linked to these partnerships, as 3V64.DE closed at $314.1 on July 30, 2026, after hitting a day high of $323.05. With no direct crypto-related economic events in the immediate calendar, focus remains on any updates regarding the official start of OUSD minting and trading operations on the network.