OpenUSD Stablecoin Launches with Coinbase and Mastercard Support to Challenge USDC

Key Facts

1The OpenUSD stablecoin has officially gone live in partnership with Coinbase, Mastercard, and Stripe.

2The new project aims to challenge USDC's dominance in the stablecoin payment card sector.

The OpenUSD stablecoin has officially gone live through a partnership between Stripe, Coinbase, Mastercard, and Visa. AMBCrypto reported that the new project aims to challenge USDC's dominance in the stablecoin payment card sector by leveraging the extensive distribution networks of its institutional partners.

COIN closed at $186.41 on September 30, 2026, while MA closed at $551.47 on the same date. Within the broader payments peer group, V closed at $359.33 and AXP closed at $304.10 on September 30, 2026, as major financial institutions move toward supporting interoperable digital payment solutions across multiple blockchain networks.