Dozens of Major Companies Become Open USD Launch Partners
Yahoo Finance ·
A coalition of over 140 companies, including Blackrock, Coinbase, Mastercard, Stripe, and Visa, have joined Open USD (OUSD), a new stablecoin effort governed by an independent entity called Open Standard that will distribute its revenues to its member partners. The pitch: Once live, Open USD will let businesses mint and redeem the stablecoin with no fees or volume caps, while returning most of the reserve earnings back to participating partners minus a management fee. Open governance: Unlike most existing stablecoins, OUSD will be run by Open Standard, a separate company whose board is made up of its partner businesses, intended to keep decisions aligned with the collective network rather than a single corporate issuer. Heavyweight backing: The inaugural partner list spans banks (BBVA, BNY, DBS, Standard Chartered), crypto-native players (Aave, Coinbase, MetaMask, Morpho, Solana), payments giants (American Express, Mastercard, Visa), and tech platforms (DoorDash, Google, Shopify). Coming soon: Stripe said it's making OUSD the default stablecoin for businesses transacting on Stripe, while Coinbase Exchange Coinbase is one of the worlds oldest and largest crypto exchanges. View Profile " class="stubHighlight"> Coinbase confirmed OUSD is coming to Base L2 Base is an L2 built on OP Stack. View Profile " class="stubHighlight"> Base and other chains later this year. Open USD is expected to go live later in 2026. It’s time to break up with your bank, and join the movement for a better world. Listening to Bankless articles is just the beginning of what you'll unlock with Citizenship...
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