Robinhood wasn’t the only Company making Crypto News this week.
A New Consortium backed Stablecoin called Open USD (OUSD) was announced, joining an already Crowded Market that includes: USDT, USDC, PYUSD, RLUSD, and Dozens of other Dollar-Pegged Tokens.
OUSD aims to Stand Out, by Sharing Reserve Revenue with Participating Businesses, rather than Concentrating it with a Single Issuer.
Instead of Asking whether you’d like to Pay with Cash or a Credit Card, soon Cashiers will soon have to ask which of the seemingly Endless List of Stablecoins you’d like to Use.
The Humor comes from the fact that the Crypto Industry keeps Launching New Versions of what is, to most Users, essentially the Same Product: a Digital Dollar.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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