Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to move money across borders without the fees that come with most existing tokens.
Key Takeaways:
Open Standard launched Open USD on June 30 with more than 140 partners including Visa.Coinbase, Stripe and Mastercard back the coin, which charges no mint or redeem fees.Open USD goes live later in 2026 as Blackrock projects a $1.5 trillion stablecoin market by 2030.Zach Abrams, founding CEO of Open Standard, said the goal was to give businesses an option built for scale.
Abrams remarked:
Banks and Payment Networks Sign OnJack Forestell, Visa’s chief product and strategy officer, said the company is applying its existing risk standards to the new coin.
“Visa is bringing the same discipline, risk standards and operational rigor we apply to our global network to Open USD,” Forestell explained.
What This Means for Crypto FirmsRemittance firms also signed on. Manuel Godoy, CEO of Félix, said customers care more about getting local currency quickly and at a fair price than about which rail moves the money behind the scenes.
What Comes NextOpen Standard said Open USD will go live later this year. The company is still inviting additional businesses to join as partners ahead of launch.
