Open USD, a stablecoin introduced by the Open Standard alliance, is set to go live on Ethereum from its first day of launch, according to a post from Ethereum Institutional on X. The update places Ethereum as the initial network for the project’s rollout.
The post said more than 140 companies are already involved in the Open USD ecosystem. Named participants include Visa, Mastercard, Stripe, BlackRock and BNY Mellon, pointing to broad backing across payments and financial services.
Foresight News had previously reported that Open Standard was preparing to launch Open USD. The stablecoin’s stated features include free minting and trading, reserve asset yield sharing for partners, and joint governance by participating institutions. No additional launch date or technical details were disclosed in the available information.
Open USD will be deployed on Ethereum on its first day of launch, according to a post by Ethereum Institutional on X.
The account said more than 140 companies have already joined the Open USD ecosystem, including Visa, Mastercard, Stripe, BlackRock and BNY Mellon.
Foresight News previously reported that the Open Standard stablecoin alliance is preparing to launch Open USD. Its listed features include free minting and trading, reserve asset yield sharing for partners, and joint governance by participating institutions.
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