Introducing Open USD: Three Design Principles Reshape Stablecoin Landscape
June 30, 2026 – Open Standard, the stablecoin alliance, today announced Open USD, a new stablecoin built for global money movement. While stablecoin transaction volume is approaching that of the ACH network, businesses still face significant hurdles: prohibitively high fees for minting and redeeming at scale, inability to benefit from reserve revenues, and dependency on third-party issuers' roadmaps. Open USD addresses these issues with 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 all earnings from Open USD's reserves, minus a small management fee for operational costs.
- Govern collaboratively – Open USD will be operated by Open Standard, an independent company whose board is composed of Open USD partners, ensuring decisions serve the collective interest.
Zach Abrams, Founding CEO of Open Standard, noted that existing stablecoins have strengths but businesses need an open, low-cost, high-throughput, broadly accessible, and aligned solution.
Over 140 Enterprises Sign Up Across Payments, Finance, Tech, and Crypto
Open USD has attracted participation from more than 140 businesses spanning multiple industries. Key participants include:
- Payments & Financial Infrastructure: Visa, Stripe, Mastercard, American Express, Discover, Fiserv, Adyen, PayPal (via OnePay), Western Union, Nuvei, Remitly, Marqeta, Worldline, Galileo, and others.
- Banking & Asset Management: BlackRock, BNY, Standard Chartered, Commonwealth Bank of Australia, Sumitomo Mitsui Financial Group, Intercontinental Exchange, DBS, U.S. Bank, BBVA, Mizuho, Shinhan Financial Group, Westpac, Itaú, OCBC, ANZ, UOB, Chime, Banco Bradesco, Huntington Bank, Emirates NBD, Hanwha Group, Banorte, Bank Hapoalim, FNB South Africa, Kakao Bank, SoFi, and many more.
- Technology & E-commerce: 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, Trust Wallet, Meow, Morpho, Ether.Fi, Lightspark, Bitso, Bridge, Rain, BVNK, Mesh, Privy, Bitget Wallet, StraltsX, Yellow Card, Reap, Brale, RedotPay, Immersve, Stellar, Polygon, Aptos Labs, KAST, and others.
Industry Leaders Comment: Open Governance and Shared Economics Key to Next Phase
Partner executives highlighted the importance of open architecture and neutral governance. Samara Cohen, Global Head of Market Development at BlackRock, stated that stablecoins can play an important role in digital markets when supported by trusted infrastructure, and Open USD gives businesses more choice. Carolyn Weinberg, Chief Product and Innovation Officer at BNY, called neutral governance with shared economics a unique combination that could unlock the next phase of digital asset growth, anticipating the stablecoin market could reach $1.5 trillion by 2030.
Shan Aggarwal, Chief Business Officer at Coinbase, described stablecoins as the most important development in payments. Andy Fang, Co-founder of DoorDash, shared firsthand experience enabling faster, more affordable access to earnings for Dashers and merchants, emphasizing that Open USD is genuinely open with no single company control. Rohit Mishra, VP Product at Shopify, noted that when the ecosystem builds together stablecoins become more powerful for merchants. Jack Forestell, Chief Product and Strategy Officer at Visa, stressed that scale comes with trust and they will apply Visa's risk standards to Open USD. Will Gaybrick, President of Technology and Business at Stripe, announced that Open USD will be the default stablecoin for Stripe's business customers.
Looking Ahead: Launch in H2 2026, Continued Open Collaboration
Open USD is expected to go live in the second half of 2026. The Open Standard team invites interested enterprises to join and collaborate in building the stablecoin infrastructure for the internet economy.
Footnotes
“State of Crypto 2025: The year crypto went mainstream.” a16zcrypto.com/posts/article/state-of-crypto-report-2025/ ↩