Open Standard Launches OUSD With Support From Visa, Coinbase, and BlackRock

• Open Standard unveils OUSD with shared governance backed by over 140 global partners.
• OUSD removes mint and redemption fees while sharing reserve earnings with partners.
• Visa, Coinbase, and BlackRock support OUSD to expand enterprise stablecoin adoption.

Open Standard has introduced Open USD (OUSD), a new stablecoin designed for global payments and internet-based commerce. More than 140 companies, including Visa, Coinbase, BlackRock, Stripe, Mastercard, and Ripple, have joined the initiative, with the stablecoin expected to launch later this year on Solana.

Open Standard Introduces OUSD With Shared Governance Model

Open Standard announced Open USD as a new stablecoin focused on improving large-scale digital payments across financial institutions and businesses worldwide. The project aims to address common challenges facing existing stablecoins while offering a collaborative governance structure for participating organizations.

The company stated businesses often encounter high minting and redemption costs when using traditional stablecoins at enterprise transaction volumes today. It also noted that many firms cannot benefit from reserve earnings because those revenues generally remain with centralized stablecoin issuers.

Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.https://t.co/jqgDRs6mKf

— Open Standard (@openstandard) June 30, 2026

Open Standard said OUSD removes minting and redemption fees while allowing businesses to process transactions without artificial volume limitations across supported networks. 

Additionally, participating companies will receive reserve earnings after a small operational management fee is deducted by the independent governing organization.

The initiative will operate through Open Standard, an independent company governed by a board consisting of participating partners instead of one issuer. According to the company, this governance structure ensures major decisions reflect collective business interests rather than the priorities of a single organization.

Founding CEO Zach Abrams said businesses require an open, scalable, and accessible stablecoin that aligns with long-term commercial interests. He added that Open USD was designed specifically for internet-native commerce and enterprise payment infrastructure.

Open Standard expects OUSD to become available later this year, with Solana confirming native support from launch. The project aims to expand stablecoin accessibility while supporting high-volume commercial transactions across multiple industries. 

Global Companies Back Stablecoin Expansion

The Open USD ecosystem includes companies from payments, banking, technology, and cryptocurrency sectors, demonstrating broad institutional interest in stablecoin infrastructure. 

Several participating companies welcomed the initiative and highlighted the potential for broader stablecoin adoption. 

BlackRock Global Head of Market Development Samara Cohen said trusted infrastructure and practical utility remain essential for stablecoin adoption across digital markets. She stated Open USD provides businesses with additional options for accessing tokenized value through internet-based financial infrastructure.

Coinbase Chief Business Officer Shan Aggarwal described stablecoins as one of the most significant developments within modern payment systems and financial services. He said broader industry collaboration could accelerate the transition toward faster, more efficient payment networks supporting businesses and consumers.

Visa Chief Product and Strategy Officer Jack Forestell emphasized that reliable governance and operational standards remain critical as stablecoins continue gaining broader adoption. He noted that Visa intends to contribute its expertise in payment infrastructure to strengthen confidence across the Open USD ecosystem. 

Open Standard plans to launch OUSD later this year. The initiative positions the company to expand enterprise stablecoin adoption through a governance model designed around shared participation and aligned economic incentives.