Summary: – Visa, Mastercard, Coinbase and other partners launched Open Standard and the new Open USD stablecoin. – The initiative aims to make stablecoins easier and less expensive for businesses to use at scale. – Open USD is expected to launch later this year following new U.S. stablecoin regulations. A consortium including Visa, Mastercard and Coinbase on Tuesday launched a new joint stablecoin in a bid to broaden the adoption of the digital tokens.