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CryptoMediumUpdated•Originally published 31 July 2026•Updated 31 July 2026•
1 min read

BlackRock and Visa-Backed Consortium to Launch OUSD Stablecoin on Ethereum

Key Facts

1A consortium of over 140 firms, backed by BlackRock and Visa, confirmed the launch of a new stablecoin (OUSD) on the Ethereum network.
2Ethereum is currently trading at $1,890.98 following the announcement.

In a move reflecting the accelerating adoption of blockchain technology by major financial institutions, a consortium of over 140 firms, backed by BlackRock and Visa, announced the launch of the OUSD stablecoin. This launch coincides with the 11th anniversary of the Ethereum network, aiming to enhance liquidity and integrate institutional-grade assets. According to reports, the network remains a critical settlement layer even as mainnet transaction fees have recently cooled down.

The new issuance further strengthens Ethereum's ecosystem, which currently hosts a stablecoin base valued at $148 billion. This institutional expansion occurs alongside mixed market performance, where Visa shares stood at $366.27 and BlackRock at $1,098.37 per market data on July 30, 2026. In comparison, peer stocks such as Mastercard closed at $577.35, while Coinbase reached $163.58 on the same date.

Traders are currently monitoring Ethereum levels, which stood at $1,887.83 at the close of July 31, 2026, gauging the impact of OUSD on network activity. According to the economic calendar, there are no immediate upcoming events related to digital assets in the next seven days, though markets remain focused on how lower fees will influence long-term liquidity stability.