INTRODUCING | Leading Global Payments, Banking Firms Launch the Open USD Stablecoin and Infrastructure
A consortium of more than 140 companies spanning payments, banking and digital assets has launched Open USD (OUSD), a new dollar-backed stablecoin network designed to let businesses issue, move and integrate digital dollars while sharing in the economic benefits traditionally reserved for stablecoin issuers.
The initiative, led by the Co-Founder of stablecoin infrastructure firm, Bridge, is backed by companies including:
- Stripe,
- Coinbase,
- Visa,
- MasterCard,
- BlackRock,
- Google,
- Ripple, and
- BNY
and is governed by an independent non-profit organization called Open Standard.
- Visa,
- Stripe,
- Mastercard,
- American Express,
- Discover,
- Fiserv,
- Adyen,
- Cloudflare,
- Corpay,
- Jack Henry,
- Klarna,
- Affirm,
- Ramp,
- OnePay,
- Brex,
-
Checkout.com
-
WEX,
- PayPay Corporation,
- Western Union,
- Nuvei,
- Remitly,
- Ria,
- Marqeta,
- MoneyGram,
- Nium,
- Worldline,
- Galileo,
- Highnote,
- i2C,
- Lithic,
- Thredd,
- Episode Six,
- Verituity,
- Félix,
- Taptap Send,
- CAL (Israel Credit Cards)
- BlackRock,
- BNY,
- Standard Chartered,
- Commonwealth Bank of Australia,
- Sumitomo Mitsui Financial Group,
- Intercontinental Exchange,
- National Australia Bank,
- DBS,
- U.S. Bank,
- BBVA,
- Mizuho Financial Group,
- Shinhan Financial Group,
- Westpac,
- Itaú,
- OCBC,
- ANZ,
- UOB,
- Chime,
- Banco Bradesco,
- Huntington Bank,
- Citizens Bank,
- KB Kookmin Card,
- Emirates NBD,
- Hanwha Group,
- Banorte,
- Bank Hapoalim,
- FNB South Africa,
- K Bank,
- SoFi,
- Woori Card,
- Absa,
- Kakao Bank,
- Samsung Card,
- Bank Leumi,
- Wenia by Grupo Cibest,
- Nedbank,
- Isbank,
- Abu Dhabi Islamic Bank ADIB,
- Banco de Crédito del Perú,
- Mashreq,
- RAK Bank, Hana Card,
- Hyundai Card,
- BCcard,
- Cross River,
- Grupo Aval,
- Davivienda,
- The Bancorp,
- Pathward,
- Banca Transilvania,
- Nonghyup Card,
- Neo Financial,
- Maya Bank,
- Netbank,
- Freedom Bank Kazakhstan,
- Lead Bank,
- Kapital,
- MAX
- Google,
- Samsung Electronics,
- IBM,
- Shopify,
- Mercado Libre,
- Mercado Pago,
- Infosys,
- DoorDash,
- Wix,
- Grab,
- Rakuten Group
- Coinbase,
- Tempo,
- Bybit,
- Solana,
- OKX,
- Ripple,
- Crypto.com
- Fireblocks,
- Gemini,
- MetaMask,
- Aave,
- eToro,
- Galaxy,
- Dunamu,
- Ledger,
- MoonPay,
- Anchorage Digital,
- Digital Asset,
- Trust Wallet,
- Meow,
- Morpho,
- Ether.Fi
- Lightspark,
- zerohash,
- Bitso,
- Bridge,
- Rain,
- BVNK,
- Mesh,
- Privy,
- Bitget Wallet,
- StraitsX,
- Yellow Card,
- Reap,
- Brale,
- RedotPay,
- Immersve,
- Stellar,
- Polygon,
- Aptos Labs,
- Plasma,
- KAST,
- Blossom,
- Lemon
According to the consortium, Open USD is designed to remove several barriers that have slowed stablecoin adoption among financial institutions and payment providers. Businesses on the network will be able to mint and redeem the stablecoin without fees while retaining a significant share of the yield generated by the reserves backing the token.
“Today’s stablecoin market is fragmented and closed,” the consortium said in announcing the initiative.
“Open USD creates an open standard that aligns incentives across the ecosystem and allows every participant to benefit from network growth.”
The consortium said the network was built to serve banks, fintechs, payment providers and enterprises seeking programmable dollar infrastructure for
- cross-border payments,
- treasury management, and
- on-chain financial services.
Unlike traditional stablecoin models where reserve income largely accrues to the issuer, Open USD distributes reserve-generated revenue across participating institutions after covering operating costs. The consortium argues that this creates stronger incentives for payment providers and financial institutions to integrate stablecoins into their products.
The initiative also emphasizes interoperability with the stablecoin designed to operate across multiple blockchain networks while complying with regulatory requirements in major jurisdictions. Governance will be handled independently through Open Standard which the consortium says will oversee technical standards, reserve policies, and future protocol upgrades.
The launch reflects a broader shift in the digital asset industry as stablecoins evolve from crypto trading instruments into payment infrastructure.
With governments advancing regulatory frameworks for digital dollars and institutions increasingly exploring blockchain-based settlement, the consortium believes open standards and shared economic incentives will be critical to accelerating mainstream adoption.
“Stablecoins have the potential to become a foundational layer for the global financial system,” the consortium said.
“Open USD is designed to ensure that value created by the network is shared by those who build and grow it, rather than concentrated with a single issuer.”
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