The new stablecoin allows unlimited minting and redemption at no cost, targeting corporate adoption later this year.
Open Standard launched OPEN-USD, a stablecoin enabling businesses to mint and redeem tokens without fees or volume restrictions. The company said the product aims to reduce friction in corporate stablecoin transactions and will go live in late 2024.
No prior stablecoin has offered zero-cost minting and redemption at scale. Existing stablecoins typically charge fees or impose limits on transaction volumes, which can deter large-scale adoption. The move follows growing demand for cost-efficient digital settlement tools in institutional markets.
The announcement did not specify immediate market reactions or partnerships, but the company indicated it has secured early adopters ahead of the launch.