Dozens of Major Companies Become Open USD Launch Partners
Key takeaways
- 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.
- Coming soon: Stripe said it's making OUSD the default stablecoin for businesses transacting on Stripe, while Coinbase confirmed OUSD is coming to Base and other chains later this year.
Dozens of Major Companies Become Open USD Launch Partners Dozens of Major Companies Become Open USD Launch Partners · Bankless Bankless Wed, July 1, 2026 at 12:42 AM GMT+7 1 min read COIN MA V BLK STRI.PVT 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.