- More than 140 companies joined the Open USD initiative.
- Visa, Stripe, Coinbase, Mastercard, and BlackRock are among the partners.
- Reserve income will be shared with participating businesses.
- The stablecoin is expected to launch later this year.
More than 140 companies have joined Open Standard to launch Open USD (OUSD), a new stablecoin designed to distribute reserve income among participating businesses instead of concentrating profits with a single issuer.
The founding members include major payment networks such as Visa, Mastercard, American Express, and Discover, alongside technology companies including Google, Shopify, and IBM. Crypto firms such as Coinbase, Bybit, MetaMask, Ripple, and Galaxy have also joined the initiative.
Unlike traditional stablecoins, businesses using Open USD will receive a share of the income generated by the stablecoin's reserve assets after management fees. The project also promises fee-free minting and redemption while operating under a governance structure shared among participating companies.
Partners say the goal is to create a neutral digital payment asset capable of supporting businesses across both traditional finance and blockchain ecosystems.
Open USD is expected to launch later this year and aims to accelerate institutional stablecoin adoption by aligning incentives across payment providers, banks, fintech companies, and crypto platforms.
The initiative represents one of the broadest industry collaborations seen in the stablecoin sector to date.
