Open Standard has introduced Open USD, a new stablecoin designed for global payments and digital asset transfers, with support from more than 140 companies across the payments, banking, technology, and crypto sectors.
The project aims to address common challenges businesses face when using stablecoins, including high minting and redemption costs, limited access to reserve earnings, and dependence on a single issuer. Open USD is expected to go live later this year.
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.https://t.co/jqgDRs6mKf
— Open Standard (@openstandard) June 30, 2026
Among the launch partners are Visa, Stripe, Mastercard, Coinbase, BlackRock, Google, Shopify, Ripple, Bybit, OKX, MetaMask, Fireblocks, Aave, Polygon, Stellar, Solana, Base, Aptos Labs, and Trust Wallet.
What makes Open USD different?
Open Standard said Open USD was built around three core principles aimed at making stablecoins more practical for businesses operating at scale.
The stablecoin will allow partners to mint and redeem tokens without fees or volume limits. It will also distribute earnings from its underlying reserves to participating partners, after deducting a small management fee to cover operational expenses.
Unlike many existing stablecoins that are managed by a single issuer, Open USD will be governed by Open Standard, an independent company whose board will include representatives from partner organizations. The company said this model is designed to ensure that major decisions are made collectively rather than by one entity.
Why are major crypto and payment firms joining?
The launch has attracted backing from some of the biggest names in crypto and traditional finance, reflecting an increased interest in stablecoin-based payment infrastructure.
Crypto companies, including Coinbase, Ripple, Gemini, Crypto.com, Fireblocks, Ledger, MoonPay, Galaxy, Morpho, and Ether.Fi, Bitso, Bridge, and Bitget Wallet have joined alongside payment giants such as Visa, Mastercard, Stripe, Adyen, Western Union, MoneyGram, and Klarna.
Several global banks, including BBVA, BNY, Standard Chartered, DBS Bank, U.S. Bank, Commonwealth Bank of Australia, and Sumitomo Mitsui Financial Group, are also supporting the initiative.
When will Open USD launch?
Open Standard confirmed that Open USD will launch later this year, although it did not announce a specific date.
The company said businesses interested in using or helping govern the stablecoin can apply to join the Open Standard network before launch.
In Europe, a consortium originally formed by nine major banks including ING, UniCredit, BNP Paribas, CaixaBank, and SEB is developing a Markets in Crypto-Assets (MiCA)-compliant euro stablecoin, with a launch targeted for 2026.
In the United States, major lenders such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo have also previously explored joint stablecoin initiatives, highlighting the growing role of digital dollars in mainstream finance.
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