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Major firms launch Open USD stablecoin amid Bitcoin price drop, signaling deeper institutional crypto adoption.

Market News
30 Jun 2026
CryptoTicker
View Source
Bullish
pluang ai news

Despite Bitcoin falling below $59,000 and widespread crypto sell-offs, major financial companies including Visa, Mastercard, Coinbase, BlackRock, and Google have launched Open USD, a new dollar-backed stablecoin. This initiative aims to create a more open and scalable stablecoin infrastructure for businesses, challenging existing leaders like USDT and USDC. The move highlights a significant shift where institutional players are embedding crypto payment systems into traditional finance, suggesting long-term adoption even as prices drop. This development could reshape the stablecoin market and signal a new phase of crypto integration with mainstream financial systems.

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