Open USD Stablecoin Launches With Visa, Mastercard and Stripe Backing

TLDR

• OUSD launches with backing from Visa, Mastercard, Stripe and 140 firms
• Open Standard uses shared governance instead of a single issuer model
• Companies can mint and redeem OUSD without paying direct transaction fees
• OUSD targets low-cost corporate payments, settlement, and treasury flows
• Korean firms including Samsung, Dunamu and Shinhan join the OUSD network

Open Standard introduced OUSD on June 30, 2026, with backing from Visa, Mastercard, Stripe, and more than 140 companies. The project targets large-scale payments and settlement, while using shared governance instead of a single issuer. It also plans free minting and redemption, which could reduce friction for corporate stablecoin use.

Open Standard Builds OUSD Around Shared Control

Open Standard launched the OUSD stablecoin as a consortium-backed digital dollar project. The group includes payment firms, banks, technology companies, crypto platforms and blockchain infrastructure providers. The launch connects traditional finance and digital asset networks under one operating structure.

The project differs from stablecoins that rely on one central issuer. OUSD uses a partner-led board structure for decisions and oversight. This model gives participating firms a role in governance and product direction.

The structure also shares reserve earnings with participating companies after management fees. As a result, partners gain direct economic interest in wider adoption. That design supports distribution because companies can benefit from the growth they help create.

Visa Mastercard and Stripe Lead Broad Industry Support

Visa, Mastercard and Stripe sit among the most notable names behind Open Standard. Their involvement gives the project strong links to global payments and merchant networks. It also signals rising institutional demand for stablecoin settlement tools.

Other participants include BlackRock, BNY, Coinbase, Google, IBM, Ripple, OKX, and Standard Chartered. The list also includes BBVA, DBS, Mizuho, MoonPay, Rakuten Group, and Crypto.com. OUSD enters the market with support across banking, payments, technology and crypto services.

The Korean participant group includes Samsung Electronics, Hanwha Group, Dunamu and Shinhan Financial Group. It also includes K-Bank, KB Kookmin Card, Samsung Card, BC Card, and Hana Card. Hyundai Card, NH Nonghyup Card, and Woori Card also joined the network.

OUSD Targets Low-Cost Corporate Settlement

Open Standard designed OUSD for low-cost and high-throughput stablecoin use. Companies can issue and redeem the token without fees, according to the launch details. That feature may matter for payments, treasury activity, and settlement flows.

The project also avoids fixed issuance limits. OUSD supply can expand when demand increases across business users. That approach aims to support large transaction volumes without artificial supply restrictions.

OUSD remains scheduled for release in the second half of 2026. The rollout will place it in competition with established stablecoins such as USDT and USDC. Open Standard is positioning OUSD as shared infrastructure for companies rather than an issuer-controlled product.

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