Coinbase, Visa, and Stripe have joined the Open Standard consortium, which comprises more than 140 companies working to support the development of the OpenUSD (OUSD) stablecoin.

 

 

Announced on June 30, 2026, OpenUSD (OUSD) is a United States dollar-pegged stablecoin developed by Open Standard, a consortium that includes BlackRock, Google, Ripple, Solana, Aave, and more than 140 companies.

 

Although the OpenUSD token has not yet launched, it is expected to go live later this year. According to the core development team, the OUSD stablecoin will be backed on a one-to-one basis by the United States dollar and U.S. Treasuries. Because it is designed to scale, businesses can mint and redeem the stablecoin at no cost, with no volume caps for founding partners.

 

"Existing stablecoins have great strengths, but to use them at scale, businesses need something that is open, low cost, high throughput, broadly accessible, and aligned with their interests," Open Standard CEO Zach Adam said.

 

"We are thrilled to bring together more than 140 businesses to launch OpenUSD. It is a stablecoin built for the internet economy and designed by the businesses growing it."

 

Another distinguishing feature of the OpenUSD stablecoin is its shared yield model. After the operating costs of running the stablecoin infrastructure are deducted, users and participants will share almost all of the earnings generated from the stablecoin's reserves based on network activity.

 

Shortly after the announcement of the OpenUSD stablecoin, Circle's CRCL stock fell more than 16%, with many analysts attributing the decline to the launch of OUSD. Despite the sharp drop, Circle CEO Jeremy Allaire welcomed competition in the stablecoin sector, saying that USDC remains the most widely adopted stablecoin for institutional use while reiterating the company's expansion plans. Tether CEO Paolo Ardoino also welcomed the launch of OUSD in a post on X, saying, "Player 2 has entered the game."