Circle2026-07-01 02:01:20Circle Stock Plunges 17.55% as Open Standard Stablecoin Gets 140+ Backers, Russell Index Removes CRCLCircle Internet Group (CRCL) shares dropped 17.55% to $62.63 on Tuesday, hitting near-historic lows, amid two negative catalysts: the launch of a rival stablecoin project Open Standard backed by over 140 major institutions including Visa, Mastercard, BlackRock and Coinbase, and the removal of CRCL from multiple Russell growth indices effective June 26, triggering passive fund selling. The Open Standard's Open USD stablecoin is slated for a 2026 launch on Base, Solana, Stellar, Polygon and Ripple networks.1840
stablecoin2026-06-30 13:46:43Stablecoin Consortium Open Standard Launches Open USD with Over 140 Partners Including Visa, Stripe, BlackRockThe stablecoin consortium Open Standard has announced the launch of Open USD, a new stablecoin designed to address scalability, cost, and governance issues. Open USD offers free minting and redemption, default earnings sharing, and collaborative governance. Over 140 businesses, including Visa, Stripe, Mastercard, BlackRock, BNY, and Coinbase, have signed up. The project is expected to go live in H2 2026 and could help drive the stablecoin market to $1.5 trillion by 2030.660
Open USD2026-06-30 13:46:43Stablecoin Alliance Open Standard Launches Open USD with 140+ Partners Including Visa, Stripe, BlackRockOn June 30, 2026, the stablecoin alliance Open Standard officially announced Open USD, a new stablecoin designed for global money movement. Featuring zero-cost minting and redemption, default earnings for partners, and collaborative governance, Open USD has already secured commitments from over 140 enterprises including Visa, Stripe, Mastercard, BlackRock, BNY, Coinbase, Google, and Samsung. The stablecoin aims to address key pain points in existing stablecoins—high fees, inability to share reserve earnings, and lack of partner influence over roadmaps. Open USD will go live later this year, with the potential to accelerate the stablecoin market's growth toward an estimated $1.5 trillion by 2030.590
stablecoin2026-06-30 13:46:43Open Standard Alliance Launches Open USD Stablecoin with Over 140 Global Participants Including Visa, Stripe, MastercardThe Open Standard stablecoin alliance has announced Open USD, a new stablecoin designed for global money movement, addressing key challenges faced by businesses in scaling stablecoin usage: high mint/redeem fees, lack of reserve earnings participation, and centralized governance. Open USD introduces three core design principles: zero-cost, unlimited-volume minting and redemption; default yield pass-through to partners (minus a small management fee); and collaborative governance via an independent board composed of partners. Over 140 companies have signed up, including Visa, Stripe, Mastercard, American Express, BlackRock, BNY, Standard Chartered, Coinbase, Shopify, DoorDash, Google, Samsung, and many more across payments, banking, technology, and crypto. Open USD is expected to go live later this year, aiming to become the default infrastructure for internet-native value transfer.530
stablecoin2026-06-30 13:46:43Stablecoin Alliance Open Standard Launches Open USD with Zero-Fee Minting and Revenue Sharing, Attracting Over 140 EnterprisesOn June 30, the stablecoin alliance Open Standard announced the launch of Open USD, a new stablecoin designed for global money movement. With over 140 partners including Visa, Stripe, Mastercard, BlackRock, and Coinbase, Open USD introduces three key design principles: zero-cost minting and redemption at scale, default earnings pass-through to partners (minus a small management fee), and collaborative governance through a board composed of partner representatives. It is expected to go live later in 2026. Industry leaders from BBVA, BlackRock, BNY, Chime, Coinbase, DoorDash, Félix, Fireblocks, Mastercard, Shopify, Stripe, and Visa praised the initiative as a pivotal step toward mainstream stablecoin adoption, with BlackRock forecasting a $1.5 trillion stablecoin market by 2030.540
stablecoin2026-06-30 13:46:43Stablecoin Alliance Open Standard Launches Open USD: Zero-Cost Minting, Shared Economics, and Over 140 Partners Including Visa, Stripe, BlackRockOpen Standard宣布推出新型稳定币Open USD，主打三大设计原则：企业零成本、无上限铸造与赎回；合作伙伴可获得储备金收益（扣除少量运营费）；由独立公司运营且董事会由合作伙伴组成。已有超过140家机构签约使用，涵盖Visa、Stripe、Mastercard、BlackRock、BNY Mellon、Standard Chartered、Coinbase、Shopify、DoorDash等支付、金融、科技及加密领域巨头。Open USD预计今年晚些时候上线，旨在为互联网经济打造开放、低成本、高吞吐量的资金移动基础设施。文章还汇集了BBVA、Chime、DocuSign、Fireblocks、Mastercard、Shopify、Stripe、Visa等高管关于稳定币生态发展的核心观点。620
stablecoin2026-06-30 13:46:43Open Standard Launches Open USD Stablecoin: Zero-Fee Minting, Shared Reserves, Over 140 Corporate PartnersOn June 30, 2026, the stablecoin alliance Open Standard announced Open USD, a new stablecoin designed for enterprise use. Key features include zero-cost minting and redemption for businesses, full pass-through of reserve earnings to partners (minus a small operational fee), and a collaborative governance model where the board is composed of partner representatives. Over 140 companies have already signed up, including Visa, Stripe, Mastercard, BlackRock, BNY, Coinbase, and many more. Open USD is expected to go live later in 2026. Industry leaders from Visa, BlackRock, BNY, Stripe, and others praised the open, shared ownership model. BNY projected the stablecoin market could reach $1.5 trillion by 2030. The announcement signals a major step toward making stablecoins a mainstream global payment infrastructure.550
Stablecoin2026-06-30 13:46:43Open Standard Launches Open USD Stablecoin With Over 140 Partners Including Visa, Stripe, and BlackRockOn June 30, 2026, the stablecoin alliance Open Standard announced the launch of Open USD, a new stablecoin designed for global money movement. The stablecoin features zero-cost minting and redemption, full reserve yield pass-through to partners, and collaborative governance through an independent board. Over 140 companies across payments (Visa, Stripe, Mastercard), banking (BlackRock, BNY, Standard Chartered), tech (Google, Shopify, DoorDash), and crypto (Coinbase, Solana, Fireblocks) have signed up. Open USD is expected to go live later this year, addressing key pain points in enterprise stablecoin adoption: high fees, lack of yield, and governance misalignment. The announcement includes endorsements from top executives highlighting the importance of open, interoperable infrastructure for the next phase of digital asset growth.640
