Major financial institutions, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, are set to launch a new stablecoin named OUSD. The initiative aims to establish on-chain dollar infrastructure for institutional-grade payments and settlements. OUSD will operate under a consortium model, allowing participating institutions to share reserve income and related revenue. This marks a shift from a single issuer model to a collaborative revenue distribution system, potentially accelerating the integration of traditional finance with blockchain-based payments.