BlackRock, Coinbase, and Mastercard among partners for fee-free stablecoin governed by independent entity Open Standard.
More than 140 companies, including BlackRock, Coinbase, Mastercard, and Visa, have joined Open USD (OUSD), a new stablecoin set to launch in 2026. The initiative, governed by Open Standard, will allow businesses to mint and redeem the stablecoin without fees or volume caps, returning most reserve earnings to partners after a management fee.
Open USD distinguishes itself through its governance model, with decisions made by a board representing partner businesses rather than a single issuer. The coalition includes banks like BBVA and Standard Chartered, crypto firms such as Aave and Solana, and tech platforms including Google and Shopify.
Stripe will make OUSD the default stablecoin for its business transactions, while Coinbase plans to integrate it into Base and other chains later this year. The stablecoin aims to provide a neutral, collectively governed alternative to existing stablecoins.