Open USD Launch with Over 140 Institutional Participants
On July 1, Open Standard announced the launch of Open USD (OUSD), a new stablecoin targeting global fund transfers. According to the official disclosure, over 140 enterprises have joined the ecosystem, spanning core institutions in finance, payments, and crypto, including Visa, Stripe, Mastercard, American Express, BlackRock, BNY, DBS, Coinbase, OKX, MetaMask, Aave, Ripple, Fireblocks, Solana, and Polygon.
Three Core Design Principles
Open USD adopts three core design principles: first, it supports zero-cost, large-scale minting and redemption for enterprises; second, reserve asset yields, after deducting a small management fee, are fully returned to partners; third, governance is jointly conducted by a board composed of independent company Open Standard and partner representatives, rather than controlled by a single issuer.
Timeline and Objectives
Open Standard stated that Open USD will officially launch later this year. The goal is to create an open, low-cost, high-throughput stablecoin infrastructure with a shared economic mechanism, designed to meet the payment needs of the internet economy and global enterprises.
