Open Standard has announced the launch of Open USD (OUSD), a stablecoin pegged to the US dollar aimed at facilitating global transactions. This initiative has received backing from more than 140 companies, including prominent names such as Visa, Mastercard, Stripe, Coinbase, Google, and BlackRock.
With Open USD, businesses will be able to issue and redeem the stablecoin without incurring fees or facing artificial volume restrictions. Partner companies will benefit financially from the reserves, paying only a minor management fee. The official launch of Open USD is anticipated for late 2026.
