Open Standard launches its OUSD stablecoin; founding partners Visa, Stripe, Mastercard, and Coinbase will offer initial access to businesses and developers

Businesses using stablecoins can now access a new dollar-pegged token with an ownership model designed to reward broader ecosystem participation.

Open USD (OUSD), a new stablecoin backed by major financial players including Mastercard, Visa, Stripe, and Coinbase, has officially launched on multiple blockchains including Ethereum, Solana, and Base. These founding partners, who have collectively committed over $1 billion to OUSD liquidity, will initially offer access to businesses and developers. The project's CEO, Zach Abrams, stated that Open Standard's equity will be distributed over time to partners based on their contributions to growing the stablecoin's supply and transaction activity. Open USD aims to compete in the over $300 billion stablecoin market, currently dominated by Tether's USDT and Circle's USDC, by focusing on applications in payments, banking, settlement, and institutional trading with an innovative economic model.

Open USD's launch signifies a strategic shift in stablecoin economics, moving away from centralized issuer control towards a revenue-sharing model that incentivizes distribution partners. By distributing equity based on growth metrics like supply and transaction volume, Open Standard aims to foster deeper integration and utility across its partner network, potentially disrupting the dominance of established players like Tether and Circle. This approach could set a new precedent for how stablecoins are developed and governed in the future.

The involvement of major payment networks like Visa, Mastercard, and Stripe, alongside exchange giant Coinbase, signals a strong institutional push to embed stablecoins into traditional financial infrastructure and enterprise-level payment flows. This collaboration not only injects significant liquidity but also lends considerable credibility to OUSD, positioning it as a potential core component for cross-border transactions, card settlements, and institutional lending. Future adoption will depend on OUSD's ability to deliver on its promise of greater utility and seamless integration into existing financial services.