Open USD Unveiled: A New Stablecoin for Global Money Movement
On June 30, 2026, the Open Standard alliance announced the launch of Open USD, a new stablecoin designed to fuel global money movement. Stablecoins are experiencing rapid adoption due to their speed, cost efficiency, and programmability, with transaction volume approaching that of the ACH network. However, businesses face significant hurdles when using existing stablecoins at scale: minting and redemption fees become prohibitively expensive for large volumes; companies cannot benefit from the revenues generated on underlying reserves; and developers have limited recourse if third-party issuers' roadmaps do not align with their needs. Open USD is built to address these pain points by offering an open, low-cost, high-throughput, and broadly accessible alternative aligned with business interests.
Three Core Design Principles: Zero-Cost Minting, Default Yield, and Collaborative Governance
Open USD introduces three key design principles. Built for scale: businesses can mint and redeem Open USD at no cost with no artificial volume limits. Earn by default: partners receive all earnings from Open USD's reserves, minus a small management fee covering operational costs. Govern collaboratively: Open USD will be operated by Open Standard, an independent company whose board consists of Open USD's partners, ensuring decisions serve the collective interest rather than any single entity. Zach Abrams, Founding CEO of Open Standard, stated: 'Existing stablecoins have great strengths, but to use them at scale, businesses need something that is open, low-cost, high-throughput, broadly accessible, and aligned to their interests. We are thrilled to bring together over 140 businesses to launch Open USD.'
Over 140 Participants Across Payments, Banking, Tech, and Crypto
The list of businesses signed up to use Open USD spans the entire financial ecosystem. Payment networks include Visa, Stripe, Mastercard, American Express, Discover, Fiserv, Adyen, Corpay, Jack Henry, Klarna, Affirm, Ramp, OnePay, Brex, Checkout.com, WEX, PayPay Corporation, Western Union, Nuvei, Remitly, Ria, Marqeta, MoneyGram, Nium, Worldline, Galileo, Highnote, i2C, Lithic, Thredd, Episode Six, Verituity, Félix, Taptap Send, and CAL (Israel Credit Cards). Banking institutions include BlackRock, BNY, Standard Chartered, Commonwealth Bank of Australia, Sumitomo Mitsui Financial Group, Intercontinental Exchange, National Australia Bank, DBS, U.S. Bank, BBVA, Mizuho Financial Group, Shinhan Financial Group, Westpac, Itaú, OCBC, ANZ, UOB, Chime, Banco Bradesco, Huntington Bank, Citizens Bank, KB Kookmin Card, Emirates NBD, Hanwha Group, Banorte, Bank Hapoalim, FNB South Africa, K Bank, SoFi, Woori Card, Absa, Kakao Bank, Samsung Card, Bank Leumi, Wenia by Grupo Cibest, Nedbank, Isbank, Abu Dhabi Islamic Bank ADIB, Banco de Crédito del Perú, Mashreq, RAK Bank, Hana Card, Hyundai Card, BCcard, Cross River, Grupo Aval, Davivienda, The Bancorp, Pathward, Banca Transilvania, Nonghyup Card, Neo Financial, Maya Bank, Netbank, Freedom Bank Kazakhstan, Lead Bank, Kapital, and MAX. Tech companies include Google, Samsung Electronics, IBM, Shopify, Mercado Libre, Mercado Pago, Infosys, DoorDash, Wix, Grab, and Rakuten Group. Crypto ecosystem participants include Coinbase, Tempo, Bybit, Solana, OKX, Ripple, Crypto.com, Fireblocks, Gemini, MetaMask, Aave, eToro, Galaxy, Dunamu, Ledger, MoonPay, Anchorage Digital, Digital Asset, Trust Wallet, Meow, Morpho, Ether.Fi, Lightspark, zerohash, Bitso, Bridge, Rain, BVNK, Mesh, Privy, Bitget Wallet, StraitsX, Yellow Card, Reap, Brale, RedotPay, Immersve, Stellar, Polygon, Aptos Labs, Plasma, KAST, Blossom, and Lemon.
Industry Leaders Weigh In: From Payment Infrastructure to Future Economy
BBVA's Head of CIB Partnerships & Innovation, Alicia Pertusa, commented: 'By bringing stablecoins to our retail and corporate clients, we are fundamentally changing how money moves—making financial transactions frictionless and available 24/7.' BlackRock's Global Head of Market Development, Samara Cohen, stated: 'We believe stablecoins can play an important role in the evolution of digital markets when supported by trusted infrastructure and practical utility. Open USD is a constructive step toward giving businesses more choice in how they access tokenized value and participate in internet-native digital rails.' BNY's Chief Product and Innovation Officer, Carolyn Weinberg, noted: 'A stablecoin with neutral governance and shared economics is a unique combination that has potential to unlock the next phase of digital assets growth. We anticipate that stablecoins alone may grow to $1.5 trillion by 2030 and we look forward to exploring ways for BNY to support Open USD.' Coinbase Chief Business Officer Shan Aggarwal called stablecoins 'the most important thing happening in payments right now.' DoorDash co-founder Andy Fang highlighted that 'what sets Open USD apart is that it is genuinely open: no single company controls it, and the partners building on it have a seat at the table.' Visa's Chief Product and Strategy Officer Jack Forestell added: '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, helping build the trust layer that allows stablecoins to operate confidently within the broader financial system.'
Launch Timeline and Open Collaboration
Open USD is scheduled to go live later this year. The Open Standard team invites interested businesses to join Open Standard and start building on Open USD. By creating an open, interoperable, and broadly accessible stablecoin infrastructure, the alliance aims to make stablecoins the standard for global value movement, designed by the businesses that are growing the internet economy.