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Zach Abrams is leaving Stripe to lead a new independent stablecoin issuer for OpenUSD. Backed by Coinbase, Visa, Mastercard, Stripe, and Shopify, the consortium is deploying one billion dollars for liquidity.
Vlad claims the Lightning Network cannot scale globally without massive on-chain capacity. The original 2015 Lightning white paper states that onboarding every Visa user would require over 100-megabyte blocks just for channel management.
Visa is moving to block a transaction loophole that allowed credit card users to purchase meme coins and earn rewards. The workaround, powered by payments firm Crossmint, misclassified cryptocurrency purchases under a merchant category reserved for ordinary digital media.
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