Introducing Open USD: A New Stablecoin for Global Money Movement
On June 30, 2026, Open Standard, a stablecoin alliance, officially announced Open USD, a new stablecoin designed to lower enterprise barriers to stablecoin usage. While stablecoins are rapidly adopted for speed, cost, and programmability—with transaction volume approaching ACH levels—businesses still face significant hurdles: high minting and redemption fees, inability to benefit from reserve yields, and limited recourse when issuer roadmaps don't align. Open USD addresses these pain points with three key design principles.
Three Core Design Principles
- Build for scale: Businesses can mint and redeem Open USD at no cost with no artificial volume limits.
- Earn by default: Partners receive 100% of earnings from Open USD's reserves, minus a small management fee to cover operational costs.
- Govern collaboratively: Open USD is operated by Open Standard, an independent company with a board composed of Open USD's partners, ensuring collective decision-making.
Zach Abrams, Founding CEO of Open Standard, stated: 'Existing stablecoins have great strengths, but to use them at scale, businesses need something open, low-cost, high-throughput, broadly accessible, and aligned with their interests. We're thrilled to bring together over 140 businesses to launch Open USD—a stablecoin built for the internet economy, designed by the businesses growing it.'
Massive Ecosystem: Over 140 Partners Across Payments, Banking, Tech, and Crypto
The list of Open USD participants reads like a who's who of global finance and technology:
- Payments & Fintech: Visa, Stripe, Mastercard, American Express, Discover, Fiserv, Adyen, Klarna, Affirm, Ramp, OnePay, Brex, Checkout.com, Western Union, Nuvei, Remitly, Ria, Marqeta, MoneyGram, Nium, Worldline, Galileo, Highnote, i2C, Lithic, Thredd, Episode Six, Verituity, and more.
- Banking & Finance: BlackRock, BNY, Standard Chartered, Commonwealth Bank of Australia, Sumitomo Mitsui Financial Group, Intercontinental Exchange, National Australia Bank, DBS, U.S. Bank, BBVA, Mizuho, 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, and many more.
- Technology & Platforms: Google, Samsung Electronics, IBM, Shopify, Mercado Libre, Mercado Pago, Infosys, DoorDash, Wix, Grab, Rakuten Group.
- Crypto & Blockchain: 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, Lemon.
Industry Leaders Weigh In: Open Infrastructure Is Key
Several partners shared their perspectives on the announcement:
BBVA's Alicia Pertusa (Head of CIB Partnerships & Innovation): '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 Samara Cohen (Global Head of Market Development): '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.'
BNY's Carolyn Weinberg (Chief Product and Innovation Officer): '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 stablecoins alone may grow to $1.5 trillion by 2030.'
Chime's Chris Britt (CEO and Co-founder): 'Stablecoins are a breakthrough technology, and realizing their potential requires a common framework for moving value across the digital economy. Open USD helps create that foundation.'
Coinbase's Shan Aggarwal (Chief Business Officer): 'Stablecoins are the most important thing happening in payments right now. The more great infrastructure this industry builds together, the faster we close the gap.'
DoorDash's Andy Fang (Co-founder): '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. That's the right foundation for moving money for everyone.'
Mastercard's Jorn Lambert (Chief Product Officer): 'The technologies that changed the world succeeded because they became shared infrastructure. Open Standard is an effort to help build that foundation for stablecoins.'
Shopify's Rohit Mishra (VP Product, Payments, Tax, and Cross-Border): 'Stablecoins become much more powerful when the ecosystem builds around them together. The result is a stronger foundation for more choice at checkout and more opportunity.'
Stripe's Will Gaybrick (President of Technology and Business): 'Open USD will be the default stablecoin for businesses running on Stripe; they are the ones shaping the next 15 years of economic growth.'
Visa's Jack Forestell (Chief Product and Strategy Officer): 'In payments, scale only comes with trust. Visa is bringing the same discipline and risk standards to Open USD, helping build the trust layer.'
What's Next: Open USD Goes Live Later This Year
Open USD will be live later in 2026, and the Open Standard team invites interested businesses to join. With the stablecoin market projected to reach $1.5 trillion by 2030, Open USD's zero-cost minting, shared yield, and collaborative governance position it as a major contender in enterprise-grade stablecoin infrastructure.