Visa, Mastercard, BlackRock, Coinbase, and dozens of other giants join forces to launch stablecoin OUSD with a revenue-sharing model. This is no longer a game for crypto-native players, but a collective takeover of payment infrastructure by Wall Street. The OUSD business model—revenue sharing among partners—means traditional financial giants are trying to embed stablecoins into existing payment networks, rather than simply issuing another token. If successful, stablecoins will evolve from liquidity tools in the crypto market into a standard layer for the global payment system. But the risk is: such a consortium could form a new centralized monopoly, running counter to the concept of decentralization; and regulatory compliance costs could squeeze out smaller issuers, accelerating industry consolidation.