Open USD stablecoin backed by 140+ partners

Open Standard announced on June 30, 2026 that it has launched Open USD, a stablecoin designed for business use and backed by more than 140 partner companies. Founding partners named at launch include Visa, Stripe, Mastercard, American Express, BlackRock, Coinbase and Western Union.

Open USD charges no fees to mint or redeem tokens and places no volume caps on issuance. Open Standard said partners will receive nearly all earnings generated by reserves after a small management fee paid to Open Standard. The stablecoin will be governed by an independent board composed of partner companies rather than a single issuing firm.

The token is aimed at high-volume enterprise money movement. Open Standard said the stablecoin will roll out later in 2026 with native support on the Plasma and Tempo blockchains.

Partners announced at launch span payments, banking, technology and crypto infrastructure. Payment networks and processors include Visa, Mastercard, American Express, Discover, Fiserv, Adyen and Western Union. Banks and asset managers on the list include BlackRock, BNY, Standard Chartered, Commonwealth Bank of Australia, DBS, U.S. Bank, BBVA, Mizuho and SoFi. Technology and commerce platforms include Google, Samsung, IBM, Shopify, DoorDash and Grab. Crypto infrastructure names include Coinbase, Ripple, Fireblocks, Zero Hash, Anchorage Digital and Plasma.

Open USD’s economic design differs from models where a single issuer keeps most reserve yield. Under Open Standard’s structure, reserve earnings are shared with partners and the organization retains a management fee to cover operations. Zach Abrams, founding CEO of Open Standard, described the stablecoin as ‘designed by the businesses growing it’ and said it was intended to offer a low-cost, high-throughput option for enterprise users.

Executives from founding partners commented on their reasons for joining. Will Gaybrick of Stripe called Open USD ‘the default stablecoin for businesses running on Stripe.’ Samara Cohen of BlackRock described the project as a constructive way to give businesses more choice for tokenized dollar access. Jack Forestell at Visa said the company will apply its risk standards and operational practices to Open USD’s trust layer. Michael Shaulov, chief executive of Fireblocks, characterized participation as aligning with a shift toward shared, regulated infrastructure rather than multiple isolated rails.

The launch arrives amid a busy period of stablecoin issuance in 2026, with banks, payment networks and fintechs introducing branded or consortium tokens. Open Standard noted that the GENIUS Act’s July 18 regulatory deadline has reduced legal uncertainty for institutional coordination and made shared stablecoin infrastructure more commercially feasible. Open Standard said adoption of Open USD will depend on execution, regulatory responses and integration by major platforms and institutions when it launches later in 2026.