Is OUSD really coming?

Visa has announced the launch of the Visa Stablecoin Platform (VSP), aiming to help banks and fintech companies integrate stablecoin services into existing payment and treasury management processes.
Visa processes about $15 trillion in payments every year. It has already processed stablecoin settlements worth billions of dollars, and wants to further expand this scale by making stablecoin usage more convenient for about 15k financial institutions and more than 200 million merchants. The platform will serve as a unified infrastructure for its stablecoin services, supporting functions such as stablecoin payments, fund transfers, and settlement. The platform’s initial release will support OUSD, a new stablecoin introduced by the Open Standard Alliance, and will continue to be compatible with stablecoin assets such as USDC and USDG.