Open USD Overview: Zero Fees, Shared Earnings, Collaborative Governance
On June 30, 2026, the stablecoin alliance Open Standard officially announced a new stablecoin, Open USD, designed to address three major pain points for enterprises using existing stablecoins: prohibitively high minting and redemption fees, inability to benefit from reserve yields, and dependency on a single issuer's roadmap. Open USD introduces three core design principles:
- Built for scale: Businesses can mint and redeem Open USD at no cost and with no artificial volume limits.
- Earn by default: Partners receive all earnings from Open USD's reserves, minus a small management fee to cover operational costs.
- Govern collaboratively: Open USD will be operated by Open Standard, an independent company with a board composed of partner representatives, ensuring decisions are made for the collective interest.
Zach Abrams, Founding CEO of Open Standard, stated that while existing stablecoins offer speed, cost, and programmability, enterprises still face significant hurdles. Open USD is built for the internet economy, designed by the businesses growing it.
Over 140 Enterprises Participating, Spanning Payments, Banking, Tech, and Crypto
Open USD has secured support from more than 140 businesses across key sectors. Below is a representative list grouped by industry:
Payments & Financial Infrastructure: 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, CAL (Israel Credit Cards)
Banking & Asset Management: 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, MAX
Technology & E-commerce: Google, Samsung Electronics, IBM, Shopify, Mercado Libre, Mercado Pago, Infosys, DoorDash, Wix, Grab, Rakuten Group
Crypto-native & Wallets: 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' Perspectives: From Payments to Infrastructure Transformation
Several executives commented on the Open USD launch, emphasizing the importance of open governance and shared economics:
Jack Forestell, Chief Product and Strategy Officer at 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, helping build the trust layer that allows stablecoins to operate confidently within the broader financial system."
Samara Cohen, Global Head of Market Development at BlackRock: "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."
Carolyn Weinberg, Chief Product and Innovation Officer at BNY: "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."
Will Gaybrick, President of Technology and Business at Stripe: "Businesses need a stablecoin designed to work at global, industrial scale. And not at the scale of the 2026 economy, but of the 2040 economy. That's why Open USD will be the default stablecoin for businesses running on Stripe."
Shan Aggarwal, Chief Business Officer at Coinbase: "Stablecoins are the most important thing happening in payments right now, and we're committed to giving our customers access to the best options available – including Open USD and beyond."
Andy Fang, Co-founder of DoorDash: "In building payout products for Dashers and merchants, we've seen firsthand how meaningful faster, more affordable access to earnings can be. 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."
Michael Shaulov, CEO of Fireblocks: "Fireblocks already settles a meaningful share of global stablecoin volume for banks, PSPs, and payment networks. Joining Open Standard is a natural extension of that role, and a real signal that the industry is consolidating around shared, regulated infrastructure rather than building it in silos."
Outlook: Stablecoin Market Could Reach $1.5 Trillion by 2030
Open USD is expected to go live in the second half of 2026. According to a16z's "State of Crypto 2025" report, stablecoin transaction volume is already approaching that of the ACH network. BNY's projection suggests the stablecoin market could grow to $1.5 trillion by 2030. Open Standard aims to make Open USD the new standard for global money movement by offering zero-fee minting, shared earnings, and collaborative governance. With over 140 enterprises signed up, including leading banks, payment networks, tech companies, and crypto-native firms, Open USD represents a major push toward open, low-cost, high-throughput stablecoin infrastructure for the internet economy.