A new dollar-based stablecoin called Open USD, or OUSD, is drawing attention after its issuer said that major companies such as Google (GOOGL), ...

A consortium led by companies including Stripe, Visa, BlackRock, Bank of New York Mellon and Coinbase is launching Open USD.

Circle stock dropped 13-15% after Coinbase, BlackRock, and Visa unveiled Open USD (OUSD), a consortium-governed stablecoin challenging USDC's dominance.