Open Standard Unveils OUSD Stablecoin with Backing from Visa, Mastercard, Stripe, BlackRock, Google and Over 140 Global Partners

A new chapter in the evolution of digital payments is set to begin as Open Standard has announced Open USD (OUSD), a stablecoin initiative backed by more than 140 global companies, including industry leaders such as Visa, Mastercard, Stripe, BlackRock, Google and Coinbase.

The ambitious project aims to create a more open and collaborative stablecoin ecosystem by allowing participating businesses to mint and redeem OUSD without transaction fees or volume restrictions while sharing in the revenue generated from the stablecoin’s reserves.

Unlike many existing stablecoins that are controlled by a single issuing company, OUSD will be governed by Open Standard, an independent organization established to oversee the network on behalf of its member companies. The initiative is designed to ensure that key decisions are made collectively, giving participating partners a direct role in shaping the future of the stablecoin rather than placing control in the hands of a single corporate entity.

Under the proposed model, businesses that participate in the network will receive a significant share of the earnings generated from the reserves backing OUSD. Open Standard will retain only a management fee, with the remaining revenue distributed among partner organizations, creating incentives for long-term participation and ecosystem growth.

The coalition supporting OUSD includes some of the world’s largest financial institutions, technology companies, payment providers and blockchain platforms. Among the founding participants are global banks such as BBVA, BNY, DBS and Standard Chartered, alongside cryptocurrency firms including Coinbase, Aave, MetaMask, Morpho and Solana.

Major payment networks such as American Express, Mastercard and Visa have also joined the initiative, while leading technology and commerce companies including Google, Shopify and DoorDash are among the inaugural partners, underscoring the broad industry support behind the project.

Stripe has announced that it plans to make OUSD the default stablecoin for businesses using its payment platform, a move that could significantly accelerate adoption among merchants conducting cross-border and digital transactions.

Coinbase has also confirmed that OUSD will be integrated into Base, its Ethereum Layer-2 blockchain network, with support for additional blockchain ecosystems expected to follow later this year.

The launch of OUSD reflects growing interest among global financial institutions and technology companies in developing stablecoins capable of supporting faster, lower-cost and more efficient digital payments. By combining traditional financial institutions with leading crypto infrastructure providers, the initiative seeks to bridge the gap between conventional finance and blockchain technology.

Open Standard expects OUSD to officially launch later in 2026, marking one of the largest collaborative stablecoin projects announced to date. If successful, the initiative could reshape the digital payments landscape by offering businesses a stablecoin governed by a broad coalition of industry participants while promoting greater transparency, shared governance and wider institutional adoption.