Overview
Open Standard is an independent entity governing Open USD (OUSD), a consortium-backed stablecoin announced June 30, 2026 with 140+ launch partners including stripe, coinbase, visa, mastercard, and blackrock.
Recent Developments
-
2026-07-16: open-usd becomes first stablecoin supported on visa-stablecoin-platform (2026-07-16-visa-stablecoin-platform-businesswire)
-
2026-06-30: Unveiled Open USD with fee-free mint/redemption and shared reserve yield economics — directly challenging circle USDC issuer-controlled model
-
Founding CEO: Zach Abrams (co-founder/CEO of Bridge, acquired by Stripe)
-
Token launch: Planned later in 2026; native solana issuance confirmed; tempo network native issuance per Matt Huang
-
Market impact: Circle (CRCL) shares fell 12%+ on announcement day
Governance Model
Collaborative consortium governance vs single-issuer control. Partners retain majority of reserve earnings after management fee.
Related
- visa-stablecoin-platform
- open-usd
- stablecoin
- stablecoin-regulation
- stripe
- circle
- coinbase
- tradfi-defi-convergence