Open Standard Unveils Open USD Stablecoin Backed by 140+ Firms

• Open USD brings together 140+ firms to create a low-cost stablecoin with shared governance and reserve benefits.
• Visa, BlackRock, Coinbase, and others back Open USD as stablecoins expand across global financial services.
• The consortium aims to make stablecoins more scalable by improving access, transparency, and business adoption.

Open Standard has introduced Open USD, a new stablecoin backed by more than 140 companies from the banking, payments, technology, and cryptocurrency sectors. The group includes Visa, Stripe, BlackRock, Google, Coinbase, and DBS. Open Standard said businesses using the network will not pay minting or redemption fees and will share reserve earnings. The organization expects to launch Open USD later this year.

The announcement comes as stablecoins continue gaining ground in everyday financial transactions. Businesses increasingly use them fo…

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