Crypto · 02 July, 2026 · 3 min read
Open Standard Plans Open USD Launch With Visa, Mastercard, Coinbase, BlackRock Backers
Open USD is a dollar-backed stablecoin backed by over 140 firms including Visa, Mastercard, BlackRock. Governed by partner consortium Open Standard; rollout planned by end-2026 for enterprise use.
Whether incumbents like Circle are absent or investors target rivals.
9 of 11 outlets skipped it: open USD is natively issued on Solana first day..
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CryptoTicker
“Bitcoin ha caído por debajo del nivel de $59,000, Ethereum se cotiza cerca de $1,560”Read the original ↗
Bitget
“Revenue generated from the asset’s reserves will be distributed among ecosystem participants”Read the original ↗
CryptoTicker spotlights crypto selloff and institutionalisation; others focus product mechanics.
Open USD consortium launches
Open Standard announced plans to launch Open USD, a U.S. dollar stablecoin designed for the corporate sector, by the end of 2026, backed by more than 140 companies at launch. The project is positioned as an open stablecoin for cross-border payments and settlements, with Open Standard saying companies will be able to mint and redeem Open USD without fees or transaction volume limits. Open Standard Founder and CEO Zach Abrams said existing stablecoins offer advantages but that large enterprises need an open, low cost, high performance infrastructure whose incentives align with those of its users.
Among the backers named by Open Standard were Visa, Mastercard, Stripe, Coinbase, BlackRock, Google, Shopify, and Ripple, alongside other payments, banking, technology, and cryptocurrency participants. The initiative also said revenue generated from the asset’s reserves will be distributed among ecosystem participants after a small operating fee is deducted, with Open Standard describing the project as built around scalability, revenue sharing, and collective governance.
Market reaction and rival model
The announcement of Open USD came as crypto markets moved lower, with CryptoTicker saying Bitcoin fell below the level of $59,000 and Ethereum was quoted near $1,560. CCryptoTicker framed the stablecoin push as a shift in which “algunas de las compañías financieras y de pago más grandes del mundo están profundizando en las stablecoins,” even while “Bitcoin cae.” CDecrypt reported that Circle’s shares fell almost 16% after the announcement, accumulating a 39% drop in the month, and said Open USD was designed to address complaints about high fees and issuers keeping reserve interest.
Decrypt also quoted Zach Abrams saying, “Las stablecoins existentes tienen grandes fortalezas, pero para usarlas a escala, las empresas necesitan algo que sea abierto, de bajo costo, de alto rendimiento, ampliamente accesible y alineado con sus intereses.” In parallel, CryptoRank described Open USD’s core proposition as “no minting fees, no redemption fees, no volume limits,” and said “most of the interest generated by the stablecoin’s reserves goes to the companies using it, minus a management fee retained by Open Standard.”
Governance, rollout, and stakes
Open USD’s governance is described as collective rather than single-issuer control, with Open Standard saying an independent company will oversee decision making through a board composed of partner representatives rather than a single owner. ConseilsCrypto quoted BlackRock’s Samara Cohen saying, “We are convinced that stablecoins can play an important role in the evolution of digital markets when they are built on a reliable infrastructure and tangible utility.” ConseilsCrypto also said Open Standard confirmed the OUSD token will be deployed natively and as a priority on the Solana blockchain, adding that “BREAKING: Open USD is launching natively on Solana from day one.”
“BREAKING: Open USD is launching natively on Solana from day one.”
For the competitive stakes, Coin Edition said Mastercard framed the project as requiring “reliable networks, broad participation, and industry collaboration,” while also describing Stripe’s plan to make Open USD the default stablecoin for businesses using stablecoins on Stripe. Cointelegraph tied the launch to a regulatory shift after the GENIUS Act, noting that Open Standard plans to roll out OUSD later this year into a market already worth more than $300 billion, with the project aimed at letting businesses mint without fees or volume limits while keeping reserve earnings.