140+ Firms Including Visa, Mastercard, Ripple Launch OpenUSD Stablecoin Later This Year

According to Open Standard, major financial firms including Visa, Mastercard, BlackRock, Ripple, and Coinbase are launching OpenUSD, a new stablecoin planned for later this year. The ecosystem includes over 140 companies such as Stripe, BNY, Google, Shopify, Bybit, OKX, and Solana.

OpenUSD operates under a consortium-governance model where partner firms share earnings from reserve assets after management fees and participate in governance via the Open Standard board. The stablecoin will allow businesses to mint and redeem with zero fees and no volume limits, addressing concerns around costs and control. OUSD is expected to launch on layer-1 networks including Solana and Tempo, with Solana hosting it natively from day one.