- Amazon and Visa are considering launching stablecoins to reduce dependence on traditional payment networks following the GENIUS Act.
- A consortium launched a joint stablecoin Open Standard and signed the GENIUS Act setting stablecoin rules.
- Major payment companies, including Stripe, are joining the Open Standard consortium.
Mastercard and Stripe Integrate with Open USD Stablecoin
What happened
Mastercard and Stripe announced their integration with the Open USD stablecoin on October 9, 2026. Open Standard, the consortium behind the stablecoin, confirmed that Mastercard is one of four integration paths, alongside Stripe, Coinbase, and Visa Inc.
From pymnts.com
Why it matters
Stablecoins are being positioned as a strong alternative to traditional cross-border payment methods, which often take days and have unclear fees. Mastercard stated that the stablecoin aims to facilitate money movement rather than investment purposes.
Major payment companies are joining the Open Standard consortium, which launched the Open USD stablecoin under rules set by the GENIUS Act.
From pymnts.com
Who's involved
- MastercardFinancial services corporation integrating with the stablecoin to enhance cross-border payments.
- StripePayment technology company integrating with the stablecoin as part of the Open Standard consortium.
- CoinbaseCryptocurrency exchange platform that is also an integration path for the Open USD stablecoin.
- Visa Inc.Financial services corporation that is an integration path for the Open USD stablecoin.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CoinbaseSpeculative
Coinbase might see increased demand for its services as its integration into the Open USD stablecoin network expands payment capabilities.
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The entities involved
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Mastercard
American multinational financial services corporation
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Stripe
Irish-American payment technology company