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 2026-07-01 Kyle Baird

Context & Ripple Effects

The launch arrives after Stripe opened a platform for companies to issue their own stablecoins, while banks, fintechs and major payment networks were separately moving toward stablecoin products and settlement. The relevant shift is from isolated crypto issuance toward payment and financial institutions building distribution and settlement options around regulated dollar tokens.

Visa had already connected merchants to USDC, and Mastercard later outlined support for settlement across multiple USD stablecoins. Open USD adds a consortium-style effort involving both card networks and crypto/asset-management participants, with reserve earnings positioned as part of its model.

First-order effects

Open Standard’s launch members gain a shared stablecoin initiative and a direct role in its distribution, settlement and reserve-economics design rather than relying solely on third-party tokens.
Open USD enters a market where Visa and Mastercard are already pursuing stablecoin-enabled payment flows; its reserve-earnings feature differentiates the proposition for participating firms and prospective holders.

Second-order effects

Existing stablecoin issuers and issuance platforms face added pressure to compete not just on token liquidity and compliance support, but on how reserve income and governance are allocated.
Merchants, wallets and payment providers connected to the launch members may obtain another candidate dollar token for on-chain settlement, increasing the operational importance of interoperability across multiple stablecoins.

Third-order effects

If large payment networks, banks, fintechs and crypto firms continue backing separate or consortium-issued tokens, stablecoin competition is likely to shift toward distribution control, settlement acceptance and reserve-economics models—not issuance alone.
The pattern points toward a more fragmented but institutionally integrated stablecoin layer, making common standards and multi-token support increasingly consequential; whether Open USD achieves meaningful adoption is not established by the launch.

The trend: Stablecoins are becoming payment and financial-infrastructure products, with incumbent networks seeking influence over issuance, settlement rails and the economics of the reserves behind them.

Discussion

@openstandard @openstandard on x
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it. https://joinopenstandard.com/ ...
@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
@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]
@jessepollak @jessepollak on x
excited Open USD will be launching on @base as a B20
@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
@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!
@0xcryptosam Sam on x
$CRCL is down 15% this morning because a consortium of 140+ companies including Stripe, Visa, Shopify, and Coinbase just launched a USDC competitor called OUSD. The benefits of OUSD > USDC include: - Reserve yield shared by default - Credibly neutral - No mint or redemption
@lorenzoark Lorenzo Valente on x
Every year we get our consortium style initiative around a stablecoin, we have seen this with Diem, Global dollar and now Open USD. While the set of players here is obviously potent, I remain highly skeptical any of these initiatives can hit scale. A few thoughts on OpenUSD:
@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/.
@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.
@dwr Dan Romero on x
Few thoughts on OUSD - The 140+ initial partners have a **massive** amount of distribution outside of crypto... - OUSD brings together some of the largest payments companies and Tier 1 crypto exchanges, giving it best-in-class global on/off ramps from Day 1. On/off ramp support …
@injective @injective on x
Some of the largest companies in the world just lined up behind stablecoins. @Visa, @Mastercard, @stripe, @BlackRock, @BNYglobal, @Google and more than 140 businesses are backing Open USD, a new dollar-backed stablecoin aimed at cross-border payments, governed collectively
@malekanoms Omid Malekan on x
We are now entering the “logo spray and pray” phase of stablecoin adoption. On the one hand, great to see as a validation of the thesis. On the other, likely overly optimistic...The one question I'd ask every participant to judge their seriousness: how will stablecoins benefit …
@dwr Dan Romero on x
I know I keep talking about GENIUS, but it significantly increased competition in the stablecoin market. - NIM will shift from mostly accruing to issuers to the companies driving distribution and volume. - Mint/burn fees go away, leading to 1:1 interoperability between onchain
@mtslive @mtslive on x
the credit card companies are launching the thing that makes credit card companies unnecessary? [image]
@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.
@base @base on x
Open USD - launching on Base Using the B20 token standard [image]
@nic_carter Nic Carter on x
from my oct 2025 article: > it no longer makes sense as an intermediary to surrender the revenue from your float to a third party stablecoin. If you are large and credible enough for users to trust your white-labeled stablecoin, you might as well do it. > I think a consortium
@0xpolygon @0xpolygon on x
A stablecoin designed as shared infrastructure. Open USD returns reserve economics to the businesses distributing it. OUSD is coming to Polygon. We're excited to help even more businesses build on internet-native rails at scale. [image]
@ccatalini Christian Catalini on x
1/ Today, more than 140 companies, most of which compete fiercely with one another, agreed to back the same stablecoin. The vehicle is @openstandard, a new and deliberately independent company launching Open USD, or OUSD, and positioning it not as anyone's product but as neutral …
@nic_carter Nic Carter on x
The stablecoin duopoly is ending
@bbva @bbva on x
Moving money globally shouldn't mean high fees or losing control of your reserves. 🌐 We are announcing Open USD, a new stablecoin, to our retail and corporate clients to change how finances work hand in hand with @openstandard and other partners.
@ccatalini Christian Catalini on x
Looks like @circle and @tether will have to compete with a version of Libra after all!
@davidmarcus David Marcus on x
At @lightspark, our commitment to our clients and partners is to offer them the broadest reach of fiat networks (nearly 70 now) and stablecoins. As such we're thrilled to be part of Open USD, and we're looking forward to supporting it across Grid and @spark
@aptos @aptos on x
Aptos stablecoin market cap hit a $2B+ ATH in June. Today, @AptosLabs joins @openstandard as a launch partner for Open USD, a new open, low-cost stablecoin, alongside @Mastercard, @Visa, @Stripe, and more. Open money. Markets and machines. [video]
@eastdakota Matthew Prince on x
Open is good...
@stripe @stripe on x
We're making Open USD the default for businesses using stablecoins on Stripe. Coming soon.
@patrickjwitt Patrick Witt on x
Another example of how clear rules of the road can unlock massive value. What GENIUS did for stablecoins, the Clarity Act will do for all other digital assets.
@lightspark @lightspark on x
Excited to be a launch partner for Open USD and give our customers another great way to move money globally. [image]
@jeff_weinstein Jeff Weinstein on x
Announcing a new, open stablecoin: Open Standard. Co-designed by more than 100 companies—including Visa, Mastercard, Coinbase, Cloudflare, and Google—to help all businesses thrive, with shared economics. (OUSD will become the default stablecoin across @stripe, later this year.)
@sjdedic Simon Dedic on x
We got a new stablecoin in town, launched collaboratively by Visa, Mastercard, American Express, BlackRock, Google, Samsung, IBM, Coinbase and hundreds of other publicly listed multi billion dollar companies. I usually don't take any new stablecoin competitors seriously, but
@callmegillette Alex Gillette on x
Earlier today, @OpenStandard announced Open USD ($OUSD), the new Stablecoin purpose-built for global money movement, and it's designed by the businesses that will use it. @Lightspark is proud to be among the 140+ companies launching it. The internet still lacks a protocol for
@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.
@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.
@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
@brian_armstrong Brian Armstrong on x
Excited to advance the adoption of stablecoins! Let's update the financial system.
@cryptocom @cryptocom on x
We're supporting a pivotal step change for the stablecoin ecosystem - the launch of Open USD, operated by @openstandard but collaboratively managed. With an open infrastructure model offering lower cost access and infinite scaling ability, Open USD promises a significant
@andyfang Andy Fang on x
Excited for DoorDash to be part of Open USD. For a global marketplace like ours, having money move faster and frictionlessly matters a lot to our end-users. Grateful to participate as a launch partner with @openstandard ! [image]
@moonpay @moonpay on x
MoonPay 🤝 Open USD
@denelledixon Denelle Dixon on x
The most durable financial networks are the ones we build together. @StellarOrg is a proud launch partner for Open USD and @openstandard participant. Collaboratively governed. Economically shared. Built for business. From day one. This is how we move money at internet scale.
@bfaviero Bruno Faviero on x
This is very very bad for Circle right? [image]
@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!!
@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…
@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/ ...
@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.
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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