Visa and Mastercard-Backed Consortium Launches OUSD Stablecoin

Key Facts

1A consortium of over 100 companies, including Visa, Mastercard, and Stripe, launched a new dollar-pegged stablecoin named OUSD.

2The project aims to provide $1 billion in planned liquidity to challenge the current dominance of Tether and USDC.

A consortium of over 100 companies, including Visa, Mastercard, and Stripe, launched a new dollar-pegged stablecoin named OUSD. Benzinga reported that the project aims to provide $1 billion in planned liquidity to challenge the current dominance of Tether and USDC. The initiative is designed to offer a regulated, institutional-grade alternative within the digital payments landscape.

Visa (V) was trading at $360.17999 on September 30, 2026, while Mastercard (MA) was trading at $554.11 on the same date. In the broader financial services sector, American Express (AXP) closed at $305.40 on September 29, 2026. The launch marks a significant entry by traditional payment processors into the stablecoin market to capture share from established crypto-native players.