Open Standard Launches Open USD: The Stablecoin Built by and for the World’s Leading Businesses
Today, Open Standard announced Open USD (OUSD) — a new stablecoin purpose-built for global business money movement at massive scale.
While stablecoins have already achieved impressive traction (with transaction volumes approaching the scale of the ACH network), large enterprises and platforms have faced real friction: expensive mint/redeem fees at volume, limited sharing of reserve yields, and reliance on the product roadmaps of single issuers.
Open USD is designed to solve exactly those problems.
The Three Core Design Principles
Open USD introduces a fresh approach centered on three principles:
Build for Scale — Businesses can mint and redeem Open USD at zero cost with no artificial volume limits. This removes one of the biggest barriers to high-volume usage.
Earn by Default — Partners receive all of the earnings generated from Open USD’s reserves, minus only a small management fee to cover operations. This flips the traditional model where the issuer keeps most of the float economics.
Govern Collaboratively — Open USD is operated by the independent company Open Standard, whose board is made up of its partner businesses. Decisions are made for the collective interest rather than any single company’s agenda.
“Existing stablecoins have great strengths, but to use them at scale, businesses need something that’s open, low-cost, high-throughput, broadly accessible, and aligned to their interests. We’re thrilled to bring together over 140 businesses to launch Open USD. It’s a stablecoin built for the internet economy, designed by the businesses growing it.”
— Zach Abrams, Founding CEO of Open Standard
Coalition of Partners
What makes this announcement stand out is the breadth and quality of support. Over 140 businesses across payments, banking, technology, and crypto have already signed on. Here are some of the highlights:
Payments & Networks
Visa, Stripe, Mastercard, American Express, Adyen, Checkout.com, Fiserv, Marqeta, Brex, Ramp, Klarna, Affirm, Western Union, Remitly, and many more.
Banks & Financial Institutions
BlackRock, BNY, Standard Chartered, BBVA, DBS, Commonwealth Bank of Australia, U.S. Bank, Chime, SoFi, and dozens of major banks from Asia, Latin America, the Middle East, and Africa.
Tech & Commerce Platforms
Google, Samsung Electronics, IBM, Shopify, DoorDash, Mercado Libre, Wix, Grab, Rakuten.
Crypto & Blockchain Infrastructure
Coinbase, Solana, Ripple, OKX, Crypto.com, Fireblocks, Gemini, Aave, Ledger, MoonPay, Polygon, Aptos Labs, and many others.
This is one of the broadest industry coalitions ever assembled around a single stablecoin project.
What Leaders Are Saying
Industry executives are already highlighting what excites them:
Will Gaybrick (Stripe): “Businesses need a stablecoin designed to work at global, industrial scale… That’s why Open USD will be the default stablecoin for businesses running on Stripe.”
Jack Forestell (Visa): “In payments, scale only comes with trust… Visa is bringing the same discipline, risk standards, and operational rigor we apply to our global network to Open USD.”
Samara Cohen (BlackRock): “Open USD is a constructive step toward giving businesses more choice in how they access tokenized value and participate in internet native digital rails.”
Andy Fang (DoorDash): “What sets Open USD apart is that it’s genuinely open: no single company controls it, and the partners building on it have a seat at the table.”
Chris Britt (Chime): “Open USD helps create that foundation, and Chime is proud to join industry leaders in building the next generation of money movement.”
Open USD is scheduled to go live later this year. With zero mint/redeem fees, shared reserve economics, and neutral collaborative governance, it has the potential to accelerate stablecoin adoption significantly — especially among traditional businesses that have been waiting for more predictable costs and aligned incentives.
The model echoes successful shared infrastructures of the past (think early Visa or internet protocols): open enough for anyone to build on, yet governed by the participants who actually use and grow it.
It’s not a fully permissionless decentralized stablecoin in the purest DeFi sense — it’s a consortium-backed, regulated infrastructure play with strong institutional backing. That combination could be exactly what’s needed to move stablecoins from crypto-native use cases into mainstream global commerce.
How to Get Involved
Businesses interested in adopting or building with Open USD can visit the official site:
https://joinopenstandard.com
You can read the full official announcement here:
https://joinopenstandard.com/blog/introducing-open-usd
Sources
- Official announcement by Open Standard (June 30, 2026)
- X post by https://x.com/openstandard