Ripple Joins 140-Company Stablecoin Initiative with Mastercard and Visa

Ripple has joined the OpenUSD stablecoin initiative, backed by over 140 companies, including major financial institutions like Mastercard and Visa.

Crypto investor Jacob Metzger highlighted Ripple's reported involvement in OpenUSD, describing it as 'massive' news for XRP supporters.

According to Metzger, the stablecoin is designed to offer a neutral, low-cost option for global payments without minting or redemption fees.

Ripple has joined the initiative as a day-one integration partner, with OpenUSD expected to operate on the XRP Ledger from the outset.