On June 30, the stablecoin alliance Open Standard announced the launch of Open USD, a new stablecoin designed for global money movement. The project has garnered support from over 140 enterprises, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, and is slated to go live later in 2026.
Core Design Principles of Open USD
Open USD is built around three key design principles:
- Build for Scale: Businesses can mint and redeem Open USD at no cost with no artificial volume limits, significantly reducing costs for large transactions.
- Earn by Default: Partners receive all earnings from Open USD's reserves, minus a small management fee covering operational costs, rather than the issuer retaining the yield.
- Govern Collaboratively: Open USD will be operated by Open Standard, an independent company whose board consists of Open USD's partners, ensuring decisions serve the collective interest.
Zach Abrams, Founding CEO of Open Standard, stated: "Existing stablecoins have great strengths, but to use them at scale, businesses need something that's open, low-cost, high-throughput, broadly accessible, and aligned to 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."
Powerful Partner Lineup
The full list of partners spans payments, finance, technology, and crypto sectors:
Payments & Fintech: 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 & 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 Leader Endorsements
Top executives shared their perspectives:
- BBVA Alicia Pertusa: "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 Samara Cohen: "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 Carolyn Weinberg: "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 Chris Britt: "Stablecoins are a breakthrough technology, and realizing their potential requires a common framework. Open USD helps create that foundation."
- Coinbase Shan Aggarwal: "Stablecoins are the most important thing in payments right now. The more infrastructure this industry builds together, the faster we close the gap."
- DoorDash Andy Fang: "What sets Open USD apart is that it's genuinely open: no single company controls it, and partners have a seat at the table."
- Félix Manuel Godoy: "Open Standard's approach points toward stablecoin infrastructure that is more open, interoperable, and built for practical use cases like remittances."
- Fireblocks Michael Shaulov: "Joining Open Standard is a real signal that the industry is consolidating around shared, regulated infrastructure rather than building it in silos."
- Mastercard Jorn Lambert: "The technologies that changed the world succeeded because they became shared infrastructure. Stablecoin infrastructure should follow the same path: open, interoperable and broadly accessible."
- Shopify Rohit Mishra: "Stablecoins become more powerful when the ecosystem builds around them together. Shopify's participation helps shape how it works for small businesses."
- Stripe Will Gaybrick: "Businesses need a stablecoin designed for the scale of the 2040 economy. Open USD will be the default stablecoin for Stripe businesses."
- Visa Jack Forestell: "As stablecoins evolve, the focus must shift from speed to reliability, governance, and interoperability. Visa is bringing its discipline to Open USD to build the trust layer."
Launch Timeline
Open USD is expected to go live later in 2026. The Open Standard team welcomes additional enterprises to join the alliance and contribute to building stablecoin infrastructure for the next-generation internet economy. Interested parties can reach out via the Open Standard website.