CoinScoopOpen Standard Appoints Zach Abrams as CEO and Announces Founding Partners
Open Standard has updated its corporate structure, with Zach Abrams leaving Stripe to serve as full-time CEO. Coinbase, Mastercard, Shopify, Stripe, and Visa have joined as initial founding partners, providing over $1 billion in launch liquidity for the Open USD (OUSD) stablecoin. The company aims to develop an internet-native currency for banking, cross-border payments, and institutional trading, with a board of directors to be formed by the founders.
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