Visa, Mastercard Stablecoin Consortium Gets Brazil Antitrust Approval

Brazil's antitrust regulator Cade approved a consortium led by Visa and Mastercard to develop a dollar-pegged stablecoin, initially launching in the US. The approval removes a regulatory hurdle for the Open Standard project, which aims to create a multi-company digital currency. This signals mainstream financial infrastructure entering the stablecoin space, potentially reshaping digital payments and settlement.