Key Takeaways:
- Open Standard launched its new, enterprise-level stablecoin, Open USD, supported by over 140 businesses across the world.
- Minting and redemption are free, the reserve is owned and managed by the partners, and the stablecoin is governed by the community.
- Large firms like Visa, Mastercard, Stripe, Coinbase, BlackRock, and Shopify will be backing the network.
Open Standard is launching an official stablecoin called Open USD for cross-border transactions. The project seeks to reimagine the future of business and stablecoins, removing issuance fees, allowing the issuers to share the reserve currency with their stakeholders, and focusing on collectively, rather than independently governed governance structures.
— Open Standard (@openstandard) June 30, 2026
Read More: $33 Trillion Stablecoin Boom: USDC Leads as Crypto Payments Race Toward $56T by 2030
Open USD Targets Enterprise Stablecoin Adoption
OpenUSD aims to address various issues encountered by enterprises in their attempts to implement stablecoins at scale.
According to Open Standard, companies will be able to mint and redeem Open USD without fees or artificial volume limits, removing one of the biggest cost barriers for institutional users.
The governance also differs from the traditional issuers. Whereas involved partners comprise the board of Open Standard, an independent organisation which will operate Open USD. As digital payments grow around the globe, businesses demand stablecoin infrastructure that is open, scalable, and puts their priorities first, said Zach Abrams, CEO of Open Standard.
More Than 140 Industry Leaders Join the Initiative
Along with the major financial institutions are BlackRock, BNY, Standard Chartered, DBS, BBVA, U.S Bank, Mizuho Financial Group and Sumitomo Mitsui Financial Group.
Other backers include tech firms like Google, Samsung Electronics, IBM, Shopify, Mercado Libre and DoorDash, and crypto companies like Coinbase, Solana, Ripple, Crypto.com, MetaMask, Fireblocks, Gemini, Ledger, Aave, Polygon, Aptos Labs, Stellar, Bybit, and OKX.
The wide array of participation represents the industry’s increasing willingness to build common infrastructure for payments via the stablecoin versus individual practice.
Partners See Stablecoins Becoming Core Payment Infrastructure
Several launch partners highlighted the practical use cases behind the initiative.
To have a proper and valid presence in financial markets, Visa stated that stablecoins must be patiently governed and have the appropriate operating rules. Stripe described Open USD as infrastructure built for the next generation of internet commerce, while Mastercard emphasized that globally adopted payment technologies succeed when they become open and interoperable rather than controlled by individual companies.
Stablecoins may have a bigger stake in digital markets in the future if they have strong infrastructure and viable business models, BlackRock added.
Read More: Coinbase and MassPay Unlock USDC Payouts Across 180 Countries for Global Enterprises
Open USD Focuses on Shared Economics and Open Governance
The economy of Open USD’s differentiator is one of the largest.
Participating businesses will get the income or the profit generated by these reserve assets instead of the businesses putting all their money into the issuer’s bank; aligning incentives across the network. Add zero cost issuance and community governance and Open Standard is sure to spread wider as the use of stablecoins grows.
Later this year, the project will go live and will be open to the inclusion of other banks, payment providers, fintech organisations, developers and blockchain platforms.
The post Open USD Launches With 140+ Giants, Challenging USDC With Zero-Fee Stablecoin Model appeared first on CryptoNinjas.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments