Visa, Mastercard, Stripe, BlackRock, Coinbase, and 140+ companies join Open Standard to launch Open USD, a stablecoin that shares earnings from its reserves

Quick Take — Payment giants, banks, tech firms and crypto companies are among Open Standard's launch members.

The Block 2026-06-30 Kyle Baird

Context & Ripple Effects

The launch follows a widening move by payments firms, fintechs and banks to issue or support dollar-linked tokens. Stripe had already opened a platform for companies to create stablecoins, while a bank group was exploring G7-currency versions.

Visa’s earlier USDC merchant-network connection and Mastercard’s plan for settlement across several regulated USD stablecoins show that major card networks have been building support for multiple issuers rather than treating stablecoins as a single-provider market.

First-order effects

Open Standard’s founding members gain a shared Open USD initiative, adding a consortium-backed option alongside the regulated USD stablecoins Mastercard has said it will support.
The reserve-earnings-sharing design makes the economics of holding or distributing Open USD a central differentiator for participating firms and prospective users.

Second-order effects

Existing stablecoin issuers and issuance platforms face pressure to compete not only on regulatory positioning and network reach, but also on how reserve income is allocated to ecosystem participants.
Payment networks, wallets and merchants that are already preparing for multi-stablecoin settlement may have another token to integrate, reinforcing demand for issuer-neutral routing and support infrastructure.

Third-order effects

If large payment, asset-management, fintech and crypto firms continue forming issuance alliances, stablecoins could evolve from issuer-led products into consortium-governed payment networks whose reserve economics are shared across distributors.
The pattern points toward a more fragmented but interoperable dollar-stablecoin market, with adoption shaped by settlement access, distribution incentives and governance as much as by the peg itself.

The trend: Stablecoin competition is shifting from standalone crypto issuance toward payment-industry infrastructure, multi-token settlement and shared economic incentives for distributors.

Discussion

@cuysheffield @cuysheffield on x
1/ Today, we announced Visa is joining Open Standard alongside Stripe, Coinbase, Mastercard, American Express, Blackrock, US Bank, BBVA, Standard Chartered and 100+ initial partners with the mission of issuing Open USD, a shared stablecoin designed for the global financial
@matthuang Matt Huang on x
Very excited to see this new effort from Stripe, Visa, Coinbase, Mastercard, Amex, Blackrock, and many others to build a new open stablecoin that shares economics back to users and distributors. OpenUSD will be natively issued on Tempo on day 1!
@jessepollak @jessepollak on x
if you're building with Open USD, @base is the best place to do it: - deep liquidity - global on/offramps - privacy with Ledgers - leverages B20 to unlock lower cost, compliance tools, and soon paying for gas, virtual accounts, and more - open, decentralized block space
@jessepollak @jessepollak on x
excited Open USD will be launching on @base as a B20
@moonpay @moonpay on x
MoonPay 🤝 Open USD
@dwr Dan Romero on x
Few thoughts on OUSD - The 140+ initial partners have a **massive** amount of distribution outside of crypto. (And that's 9,730 potential B2B stablecoin payment flows.) - OUSD brings together some of the largest payments companies and Tier 1 crypto exchanges, giving it
@zcabrams Zach Abrams on x
Today we announced Open USD together with Visa, Mastercard, Coinbase, BlackRock, BBVA, Shopify, DoorDash, and 140+ other partners. Much like the mobile industry needed Android, financial services needs Open USD to scale stablecoin adoption. The stablecoin space has come a long
@patrickjwitt Patrick Witt on x
Another example of how clear rules of the road can unlock massive value. What GENIUS did for stablecoins, the Clarity Act will do for all other digital assets.
@koeppelmann @koeppelmann on x
“OpenUSD” is an important test of Ethereum's relevance. With Stripe as a founding member, it launches natively on Tempo. If OUSD still gravitates to Ethereum despite that, that is a big win. If it does not, the “world settlement layer” claim deserves serious doubt.
@bfaviero Bruno Faviero on x
This is very very bad for Circle right? [image]
@jeff_weinstein Jeff Weinstein on x
Announcing a new, open stablecoin: Open Standard. Co-designed by more than 100 companies—including Visa, Mastercard, Coinbase, Cloudflare, and Google—to help all businesses thrive, with shared economics. (OUSD will become the default stablecoin across @stripe, later this year.)
@openstandard @openstandard on x
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it. https://joinopenstandard.com/ ...
@aave @aave on x
Open USD is a new stablecoin for global payments, built to be open and low-cost, and governed by the businesses that use it. Aave is glad to support it alongside @stripe, @Visa, @mastercard, @coinbase, @Google, and others as more businesses move financial services onchain.
@mastercard @mastercard on x
Stablecoins are becoming an increasingly important part of global financial infrastructure. Today, Mastercard is supporting @openstandard and Open USD - an effort to help build more open infrastructure for digital money. We believe unlocking the full potential of stablecoins [ima…
@segall_max Max Segall on x
VERY exciting new launch the team has been working on A stablecoin built for the internet economy, alongside >100 of the biggest money movers in the world 🦾🦾 Keep an eye on Open Standard!!
@stripe @stripe on x
We're making Open USD the default for businesses using stablecoins on Stripe. Coming soon.
@cuysheffield @cuysheffield on x
3/ I believe stablecoins are at an important inflection point and Open Standard can help move the global ecosystem forward enabling more innovation and deeper integrations into the existing financial system. https://joinopenstandard.com/ ...
@solana @solana on x
BREAKING: Open USD is launching natively on Solana from day one. A new shared stablecoin, owned and governed by its partners. No mint or redeem fees, no volume caps, and nearly all the reserve economics flow back to the businesses building it. [image]
@stellarorg @stellarorg on x
Open USD from @openstandard, backed by Visa and Mastercard, is coming to the Stellar network. Designed with businesses in mind, Open USD is built to scale: open, low-cost, high-throughput, and broadly accessible.
@coinbase @coinbase on x
Open USD is coming to @Base and other leading chains this year. We're joining 140+ industry leaders to support @openstandard, as we work to bring regulated, high-quality products to our customers, and build stablecoin infrastructure at scale.
@cuysheffield @cuysheffield on x
2/ Open Standard is building around a few core principles. It will have collaborative governance and be operated by an independent company with a board made up of partner members, ensuring decisions about Open USD are made for the collective interest rather than a single member.
@patrickc Patrick Collison on x
Delighted to partner with Visa, Mastercard, Coinbase, Cloudflare, Google, and many others, to introduce Open Standard, a new stablecoin designed for scale: https://joinopenstandard.com/.
Connor Fitzgerald Connor Fitzgerald on linkedin
Today we launched Open Standard launched with 140 partners ready to build the next era of money movement. …
Christoph Sulyok Christoph Sulyok on linkedin
Excited to see the launch of Open USD, a new stablecoin for global money movement designed to address some of the biggest barriers to scaling digital money movement! …
Catherine Gu Catherine Gu on linkedin
The next chapter of global payments won't be written by any single institution — it'll be built by the companies moving money every day. …

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