Visa is providing initial access to OUSD, and consortium members plan to add it to their products. Tether and USDC still dominate, so wider use is not assured.
Visa gains a place in OUSD's initial access network, and consortium members plan to add it to their products. That could expand Visa's role in digital-dollar payments. Tether and USDC still dominate, and the report offers no proof OUSD will gain wide use. Visa's direct participation and the planned integrations make this favorable, but the size of any benefit remains unknown.
Mastercard's BVNK unit is providing initial access to OUSD, and consortium members plan product integrations. Tether and USDC still dominate, so OUSD's reach is not assured.
Coinbase is providing initial access to OUSD, which could bring it more stablecoin activity. Tether and USDC dominate today, so that growth is not assured.
Shopify committed to help seed OUSD liquidity with about $1 billion. Consortium members also plan product integrations, but the report gives no expected sales or other direct gain for Shopify.
The report says PayPal's stablecoin remains smaller than Tether, but it reports no new PayPal action or change in PayPal's business.
OUSD adds a new rival for Circle's USDC. USDC is already one of the dominant stablecoins and OUSD has yet to prove it can gain users, but the added competition is unfavorable for Circle.
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