More than 140 crypto companies are involved in the launch. We break down what Open USD stablecoin is and what it offers the crypto market.
More than 140 companies, including Visa, Mastercard, Stripe, BlackRock, BNY, Standard Chartered, and Coinbase, have announced the launch of the Open USD stablecoin. The project is developed by the independent Open Standard organization, led by former Stripe-acquired Bridge founder Zach Abrams.
Hot topic: Bitcoin ETF Inflows Hit Worst Month Ever With $4.5B Outflows
OUSD promises free issuance and redemption with no limits, revenue sharing from reserve income minus a small fee, and collective governance through a board of directors made up of partner companies.
The token is planned for a native launch on the Solana (SOL) blockchain. Stripe will make OUSD the base stablecoin for its entire commerce ecosystem.
Contents
What’s Known About Open USD as of July 1
Open Standard has established three core operating principles:
- Partners can issue and redeem Open USD for free with no transaction volume limits.
- Partners keep nearly all net income from reserve fund investments, paying only a small fixed management fee.
- Strategic decisions are made by a board of directors with representatives from partner companies–not a single legal entity.
Participants include payment operators Visa, Mastercard, American Express, Stripe, and Discover; banks BlackRock, BNY, Standard Chartered, BBVA, and Mizuho; tech giants Google, Samsung, IBM, and Shopify; and crypto firms Coinbase, Bybit, Ripple, OKX, Gemini, Fireblocks, Aave, Polygon (POL), and Solana Labs.
BlackRock Head of Market Development Samara Cohen called OUSD “a constructive step toward giving businesses more choice in accessing tokenized value.” Mastercard VP Jorn Lambert said “a common interoperable infrastructure is key to integrating stablecoins into the financial system.“
Read more: Not Just USDT and USDC — These Top 3 New Stablecoins Are Quietly Taking Over Crypto in 2026
Crypto Market Reaction to OUSD: Circle Stock Crashes 16%, JPMorgan Calls for Regulation
The OUSD announcement triggered a sharp drop in USDC issuer Circle’s stock. The shares lost 17.55% on the day, closing at $62.63 and extending the monthly decline to 39%. Former Messari analyst Sam Raskin noted that the new OUSD model could seriously challenge USDC▲$0.9997, forcing Circle to expand revenue-sharing agreements, find new partners, or pivot to other business segments.
Meanwhile, banks not part of the consortium called on regulators to tighten oversight. JPMorgan supported extending traditional bank liquidity standards to all stablecoin issuers, fearing that interest accrual on digital wallet balances would allow crypto companies to compete illegally with bank deposits without capital reserve requirements.
Learn more: How to Pay with Stablecoins — Complete Guide for 2026
