Open Standard Launches Open USD Stablecoin Network With Over 140 Partners

Open Standard has launched Open USD, a new dollar-backed stablecoin network designed for global money movement and business payments. The project brings together over 140 businesses across payments, banking, fintech, crypto, commerce, and technology.

The partner list includes major players such as Visa, Stripe, Mastercard, American Express, Discover, BlackRock, BNY Mellon, Standard Chartered, Google, Shopify, Coinbase, Solana, OKX, Ripple, Crypto.com, Fireblocks, Gemini, MetaMask, Aave, MoonPay, Anchorage Digital, Stellar, Polygon, and Aptos Labs.

Open USD is not live for public use yet, with Open Standard saying it will go live later this year. The launch gives partners time to integrate the asset into payment, treasury, wallet, exchange, merchant, and settlement flows.

The design of Open USD centers on three promises: no-cost minting and redemption, no artificial volume limits, and reserve earnings shared with participating partners after a small management fee.