Stripe-Backed Bridge CEO Zach Abrams to Lead Open Standard on June 30

According to Bloomberg, on June 30, Zach Abrams, co-founder and CEO of Stripe-backed stablecoin infrastructure firm Bridge, will serve as interim chief executive of Open Standard. The stablecoin alliance was formed by over 100 financial services companies including Visa, Stripe, BNY Mellon, BlackRock, Klarna, Chime, Alphabet, Coinbase and major banks. Open Standard plans to issue Open USD stablecoin and integrate it into members' systems later this year.
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