Mastercard has launched the Open USD (OUSD) stablecoin on Solana to speed up cross-border payments. Visa, Coinbase, Stripe and Shopify are among the partners. Prediction markets price a 15% probability of Solana reaching $130 in October 2026.
Mastercard announced the launch of the Open USD (OUSD) stablecoin on the Solana blockchain. The product targets multi-day delays and opaque transaction fees in cross-border payments.
The company is working with partners including Visa, Coinbase, Stripe and Shopify, which points to a significant push toward stablecoin adoption in the financial sector. Mastercard uses BVNK to facilitate the transactions.
OUSD forms part of Mastercard's broader strategy to offer financial institutions and enterprises a more efficient payment and settlement infrastructure. Because Solana hosts the stablecoin, the move could increase the network's utility and adoption.
However, the price outlook is more restrained. Market pricing reflects a modest 15% probability of Solana reaching $130 in October 2026, which suggests tempered expectations.
Next, attention turns to Solana's network. The Alpenglow upgrade arrives on October 21, promising faster transaction speeds, and it may affect market perceptions of Solana's utility and investment potential. Regulatory actions or endorsements could also influence stablecoin adoption, particularly by major financial institutions.
Source: Crypto Briefing
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