CryptoMediumUpdated•Originally published 30 September 2026•Updated 30 September 2026•
1 min read
Open USD Stablecoin Launches with Backing from Visa, Mastercard, and Coinbase
Key Facts
1The Open USD stablecoin has officially gone live with backing from payment giants Visa, Mastercard, Stripe, and Coinbase.
The Open USD stablecoin has officially gone live on the Ethereum, Solana, Base, and Tempo networks with backing from Visa, Mastercard, Stripe, and Coinbase. Seeking Alpha reported that the new digital asset allows businesses to mint and redeem without costs, with Coinbase access scheduled to begin on October 1, 2026.
COIN closed at $190.02 on September 29, 2026, while MA closed at $563.58 and V closed at $365.88 on the same date. The project specifically targets banking and cross-border payment use cases, while peer AXP closed at $305.40 on September 29, 2026.