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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 adoption of blockchain technology by major financial institutions, a consortium of over 140 firms, backed by BlackRock and Visa, announced the launch of a new stablecoin named OUSD. According to reports, the stablecoin will be issued on the Ethereum network to enhance liquidity and integrate institutional-grade assets into the ecosystem. Ethereum was trading at $1,890.98 following the announcement.
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Sign InThis expansion into stablecoins occurs amid mixed performance for payment processors and crypto-linked firms, with Visa shares at $366.27 and BlackRock at $1,098.37 per market data on July 30, 2026. In comparison, peer stocks such as Mastercard stood at $577.35, while Coinbase closed at $163.58 on the same date, highlighting the growing competition between traditional finance and digital asset platforms.
Traders are currently monitoring Ethereum levels, which stood at $1,887.83 at the close of July 31, 2026, to gauge the impact of new stablecoin inflows on network activity. Looking at the economic calendar, there are no immediate upcoming events directly related to digital assets, though markets remain focused on liquidity stability following this major institutional launch.