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🗞️ 140+ banks, payments giants, tech platforms and crypto firms have backed a new stablecoin.
Open USD - issued by Open Standard, is an independent, collaboratively governed, stablecoin pegged to the US Dollar.
The founding lineup spans major players across the board:
💳 Payments - American Express, Visa, Mastercard
🌐 Tech - Google, Samsung, Shopify
🔗 Crypto - Solana, Ripple, MetaMask
🏦 Banking - The big four Aussie banks; CBA, ANZ, NAB & Westpac
This major announcement signals growing institutional appetite for crypto rails as core infrastructure.
Open USD will be native to Tempo, Solana and Base blockchains from day one and is expected to launch later this year.
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Crypto 101: RWAs are one of the biggest topics in crypto right now... But what are they? 🤔
RWA stands for Real World Assets, referring to things like property, commodities, invoices, or bonds that can be represented digitally on a blockchain through a process called tokenisation.
The idea is to bring traditional assets on-chain, with the potential to make ownership easier to divide, track, and in some cases trade.
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Billions of dollars worth of Real World Assets have been brought on-chain 🌏🔗
Debt and yield-generating financial products currently make up the majority of the RWA market, which is now valued at $45 Billion AUD (excluding Stablecoins).
The sector has grown more than 3x since early 2024.
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🗞️ LG Electronics said it is piloting a digital advertising network built on Arbitrum (ARB), a layer-two scaling solution on Ethereum.
The consumer electronics giant said its network serves as a platform for placing, buying, selling, and managing digital ads, with the aim being to eliminate traditional intermediaries in the advertising supply chain.
This new initiative leverages LG Ad Solutions, the company's advertising division which has access to 216 million smart TVs installed across the globe.
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The latest crypto update 🎙️
🏛️ U.S. officials provide an update on the Strategic Bitcoin Reserve
🤖 AI project Venice reaches a new all-time high as adoption grows
📊 Tokenised real-world assets hit a record $45.5 billion
💳 Mastercard expands stablecoin settlement across multiple blockchains
Head to CoinSpot Learn for more.
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Check out our Tools For Tax Time article for exclusive discounts on crypto tax software ☺️
coinspot.zendesk.com/hc/en-u…
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🗞️ Block, the global fintech company behind the Square payments product, launched stablecoin payments for its Cash App, a mobile payment service with nearly 60 million users.
Users can now send and receive USDC stablecoins on Solana, Ethereum, Polygon and Arbitrum.
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