Brazil Clears Visa, Mastercard Stablecoin
Brazil's antitrust authority approved Open Standard, the dollar stablecoin firm of Visa, Mastercard, Coinbase, Stripe and Shopify, without any conditions. The post Brazil Clears Visa, Mastercard Stablecoin appeared first on The Rio Times .
On 14 October 2026, Brazil's antitrust authority approved a joint venture between Visa, Mastercard, Coinbase, Stripe and Shopify to issue a stablecoin called Open USD. The decision, dated 14 October and published in the official gazette on 15 October, attaches no conditions to the deal. The stablecoin issuer, Open Standard, was formed by the five companies and is backed by US-listed companies Stripe and reserves held by Visa and Mastercard.
The token can be sent to crypto wallets in over 100 countries. The decision came from Brazil's General Superintendence, the investigating arm of the authority, which can clear deals without sending them to the tribunal. The ruling appeared in Brazil's official gazette on 15 October, stating that there is no horizontal overlap for Open Standard in Brazil or Latin America.
The founders of Open Standard have no intention of changing their support for other companies' stablecoins. Brazilian users of Visa, Mastercard and Stripe services will not experience any immediate change. The decision does not affect Brazilian sales at the moment as the token is not yet offered in Brazil.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
