{"id":190039,"date":"2026-06-30T17:27:41","date_gmt":"2026-06-30T17:27:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=190039"},"modified":"2026-06-30T17:27:41","modified_gmt":"2026-06-30T17:27:41","slug":"visa-mastercard-and-over-140-companies-launch-stablecoin-open-usd","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=190039","title":{"rendered":"Visa, Mastercard, And Over 140 Companies Launch Stablecoin Open USD"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Visa, Mastercard, And Over 140 Companies Launch Stablecoin Open USD<\/a><\/p>\n

<\/div>\n

A coalition of more than 140 companies \u2014 among them Visa, Stripe, Mastercard, BlackRock, and Coinbase \u2014 announced today the formation of Open Standard and the launch of Open USD (OUSD), a new dollar-pegged stablecoin built to redistribute the economics of the $300 billion stablecoin market.<\/p>\n

The project is led by Zach Abrams, co-founder of Bridge, the stablecoin infrastructure firm that Stripe acquired in 2024.\u00a0<\/p>\n

\u201cExisting stablecoins have great strengths,\u201d Abrams said<\/a> in a statement, \u201cBut to use them at scale, businesses need something that\u2019s open, low-cost, high-throughput, broadly accessible, and aligned to their interests.\u201d<\/p>\n

The announcement sent Circle shares down as much as 15% Tuesday, a sign of how directly Open USD targets the USDC issuer\u2019s business model.<\/p>\n

The core proposition of Open USD is straightforward: no minting fees, no redemption fees, no volume limits \u2014 and most of the interest generated by the stablecoin\u2019s reserves goes to the companies using it, minus a management fee retained by Open Standard.<\/p>\n

That reserve income is what makes Circle<\/a> and Tether<\/a> profitable. Both issuers park stablecoin backing in short-term U.S. Treasuries and keep the yield themselves. Circle\u2019s USDC carries a market cap of roughly $73 billion; Tether\u2019s USDT sits at around $145 billion. Open USD proposes to share that yield with its distribution network instead.<\/p>\n

Governance follows the same logic. Rather than a single issuer calling the shots, Open Standard will be managed by an independent organization with decision-making shared among partner companies.<\/p>\n

Who is backing Open USD<\/h2>\n

The partner list spans nearly every corner of finance. Payment networks include Visa, Mastercard, American Express, and Discover. Banks include BNY, Standard Chartered, DBS, and U.S. Bank. On the technology side: Google, Shopify, and IBM. Crypto firms include Coinbase, Ripple, MetaMask, Aave, Bybit, OKX, Galaxy, Fireblocks, and Anchorage Digital.<\/p>\n

\u201cToday, we announced Visa is joining Open Standard alongside Stripe, Coinbase, Mastercard, American Express, BlackRock, U.S. Bank, BBVA, Standard Chartered and 100-plus initial partners with the mission of issuing Open USD,\u201d Visa\u2019s head of crypto, Cuy Sheffield, wrote<\/a> on X.<\/p>\n

Open USD is expected to go live later in 2026 on Solana, Stellar, Base, and Polygon. Tempo CEO Matt Huang confirmed OUSD will be natively issued on its network from day one, with support for payments, liquidity, exchanges, and DeFi.<\/p>\n

Open Standard is not the first consortium to try this model. Paxos leads<\/a> the Global Dollar Network (USDG) \u2014 backed by Robinhood, Kraken, and Galaxy Digital \u2014 on the same premise: share reserve income, grow adoption.\u00a0<\/p>\n

In Europe, 37 banks and payment providers have organized<\/a> around Qivalis, a euro-denominated stablecoin, as institutions push back against U.S. dollar dominance in the digital asset space.<\/p>\n

The timing is not accidental. Stablecoins have migrated out of crypto trading and into cross-border payments, merchant settlements, and corporate treasury operations.\u00a0<\/p>\n

Citi projects<\/a> the market will reach $4 trillion by 2030.\u00a0<\/p>\n

This post Visa, Mastercard, And Over 140 Companies Launch Stablecoin Open USD<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Visa, Mastercard, And Over 140 Companies Launch Stablecoin Open USD A coalition of more than 140 companies \u2014 among them Visa, Stripe, Mastercard, BlackRock, and Coinbase \u2014 announced today the formation of Open Standard and the launch of Open USD (OUSD), a new dollar-pegged stablecoin built to redistribute the economics of the $300 […]<\/p>\n","protected":false},"author":0,"featured_media":190040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-190039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/190039"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=190039"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/190039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/190040"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=190039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=190039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=190039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}