Open Standard Introduces Open USD Stablecoin
Open Standard Introduces Open USD Stablecoin #
Open Standard has announced Open USD, a new stablecoin designed for global money movement and backed by a partner-led operating model. The company says businesses will be able to mint and redeem Open USD without fees or artificial volume limits, while partners will receive reserve earnings after a management fee
The launch brings together more than 140 businesses across payments, banking, technology and crypto, including Visa, Stripe, Mastercard, Adyen, BlackRock, BNY, Coinbase, Shopify and others. Open USD is expected to go live later this year, with governance handled by Open Standard through a board made up of participating partners.
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