Ripple to Use New Stablecoin Backed by Mastercard, BlackRock and Google
Analysis
Price Impact
HighThe involvement of major tradfi institutions like mastercard and blackrock, along with tech giants like google, in a new stablecoin initiative that ripple is participating in, could significantly boost xrp's utility and adoption for cross-border settlements and defi. this broad backing suggests a strong potential for mainstream integration.
Trustworthiness
HighPrice Direction
BullishThis development enhances xrp's ecosystem and potential use cases. as a stablecoin backed by major players and aiming to solve existing market issues, its adoption could lead to increased demand and utility for xrp, driving its price up.
Time Effect
LongThe integration and full realization of benefits from a new stablecoin and its potential impact on xrp's utility will likely take time to develop and be fully adopted by the market and users.
Original Article:
Article Content:
Cover image via U.Today A new stablecoin model? TradFi, big tech, and crypto Advertisement Ripple has been included on the list of the 140 financial, technological, and crypto heavyweights that will use a new stablecoin that has been dubbed "Open USD." The product, which has been backed by titans of the likes of Mastercard, BlackRock, Google, and Visa, and Stripe, aims to address various bottlenecks that have hampered the growth of the stablecoin market (scalability, governance, and other issues). Open Standard, an independent entity, will be responsible for issuing and operating the new stablecoin, meaning that it will not be controlled by a single corporate issuer. HOT Stories XRPL Crypto Credit Primitive Enters Key Voting Phase Why Shiba Inu (SHIB) Buying Volume Is at 0, Dogecoin (DOGE) Bottom Established, Bitcoin (BTC) Struggles With $60,000: Crypto Market Review A new stablecoin model? The current stablecoin ecosystem often burdens large-scale businesses with prohibitive minting and redemption fees. At the same time, third-party issuers hoard the lucrative yield generated by the underlying cash reserves. Advertisement You Might Also Like Mon, 06/29/2026 - 20:28 Ripple's Garlinghouse Slams Strategy's Financial Engineering By Alex Dovbnya The new stablecoin is specifically addressing these bottlenecks. Participating businesses will be able to mint and redeem Open USD entirely free of charge. The earnings generated by the stablecoin will be shared by all of the partners. What is notable is that the consortium model also prevents unilateral changes to the protocol. TradFi, big tech, and crypto Ripple has notably aligned with traditional payment giants like Mastercard, Visa, and American Express, as well as institutional banking heavyweights like BlackRock and BNY. Advertisement The project also boasts the backing of major tech platforms such as Google, DoorDash, and Shopify, alongside crypto-native firms like Coinbase, Fireblocks, and Solana. Open USD will offer Ripple a highly liquid rail for cross-border settlement and decentralized finance operations. It remains to be seen how Ripple's USD (RLUSD), Ripple's own highly regulated stablecoin with a market cap of $1.4 billion, will fit into this. Mastercard has noted that it will require "trusted networks, broad participation, and collaboration across the industry." #Ripple News #RLUSD