Institutional traders and banking entities now have access to a specialized digital asset for cross-border payments. Released today by Open Standard, the OUSD stablecoin is used by Coinbase, Stripe, Mastercard, and Visa to provide a common framework for professional trading and corporate banking use cases.

Aave has initiated a proposal to integrate the asset into its V3 Core and V4 Core platforms. Founder Stani Kulechov stated that onboarding OUSD will contribute to the growth and expansion of the Aave protocol.