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Open Standard has introduced Open USD, a new enterprise-focused stablecoin designed to support large-scale global payments. The platform is built on three core pillars: zero-cost, unlimited minting and redemption; partner ownership of reserve earnings after operating costs; and governance through an independent, partner-led organization instead of a single issuer.
The launch is intended to overcome major barriers to institutional stablecoin adoption, including expensive issuance and redemption, limited participation in reserve revenue and reliance on centralized issuers. Open Standard positions Open USD as an open, scalable and collaboratively governed stablecoin for the internet economy.
The initiative launches with backing from more than 140 organizations across payments, banking, technology and crypto. Early participants include Visa, Stripe, Mastercard, American Express, BlackRock, Google, Coinbase, Bybit, Ripple and MetaMask, highlighting broad industry support for a shared stablecoin infrastructure.
This is a developing story.
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