{"id":74768,"date":"2026-06-30T20:00:46","date_gmt":"2026-06-30T20:00:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin\/"},"modified":"2026-06-30T20:00:46","modified_gmt":"2026-06-30T20:00:46","slug":"140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin\/","title":{"rendered":"140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Open Standard launched Open USD on June 30 with more than 140 partners including Visa.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coinbase, Stripe and Mastercard back the coin, which charges no mint or redeem fees.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Open USD goes live later in 2026 as Blackrock projects a $1.5 trillion stablecoin market by 2030.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/joinopenstandard.com\/blog\/introducing-open-usd\" target=\"_blank\" rel=\"noopener noreferrer\">Open Standard<\/a>, the independent company set up to run the project, announced Open USD on Tuesday. The coin is designed for businesses that move large volumes of dollars and need a cheaper way to mint and redeem <span>stablecoins<\/span> at scale.<\/p>\n<h2>No Fees, No Limits<\/h2>\n<p>Open Standard built Open USD around three rules. Businesses can mint and redeem the coin at no cost and without <span>volume<\/span> caps. Partners keep the earnings generated by the reserves backing the coin, minus a small fee that covers operating costs. A board made up of Open USD partners governs the project, rather than a single company.<\/p>\n<p>Zach Abrams, founding CEO of Open Standard, said the goal was to give businesses an option built for scale.<\/p>\n<p>Abrams remarked:<\/p>\n<blockquote>\n<p>\u201cIt\u2019s a <span>stablecoin<\/span> built for the internet economy, designed by the businesses growing it.\u201d<\/p>\n<\/blockquote>\n<h2>Banks and Payment Networks Sign On<\/h2>\n<p>The partner list spans payment networks, banks, and <span>crypto<\/span> firms. Visa, Mastercard, American Express, and Stripe are involved on the payments side. Blackrock, BNY, Standard Chartered, and U.S. Bank represent traditional finance (TradFi). Coinbase, Ripple, <span>Solana<\/span>, OKX, and <span>Crypto<\/span>.com bring <span>crypto<\/span> and <span>blockchain<\/span> infrastructure into the mix.<\/p>\n<p>Jack Forestell, Visa\u2019s chief product and strategy officer, said the company is applying its existing risk standards to the new coin.<\/p>\n<p>\u201cVisa is bringing the same discipline, risk standards and operational rigor we apply to our global network to Open USD,\u201d Forestell explained.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-ethereum-etf-outflows-seventh-day-ibit-445-million\/\">Blackrock<\/a>\u2018s global head of market development, Samara Cohen, pointed to the size of the opportunity ahead. The firm expects the <span>stablecoin<\/span> market to reach $1.5 trillion by 2030.<\/p>\n<h2>What This Means for Crypto Firms<\/h2>\n<p>Coinbase, one of the largest U.S. <span>crypto<\/span> exchanges, joined the launch alongside wallet and custody providers including Fireblocks, Metamask, Anchorage Digital, and Ledger. Shan Aggarwal, Coinbase\u2019s chief business officer, stressed that <span>stablecoins<\/span> are now central to the company\u2019s strategy.<\/p>\n<p>\u201c <span>Stablecoins<\/span> are the most important thing happening in payments right now,\u201d Aggarwal detailed on Tuesday.<\/p>\n<p>Fireblocks CEO Michael Shaulov said his firm already settles a meaningful share of global <span>stablecoin<\/span> <span>volume<\/span> for banks and payment processors, and described joining Open Standard as a sign that the industry is consolidating around shared infrastructure instead of building competing systems in isolation.<\/p>\n<p>Stripe plans to make Open USD the default <span>stablecoin<\/span> across its platform. Will Gaybrick, Stripe\u2019s president of technology and business, framed the move as a long-term bet on where commerce is headed, saying the company built for the scale of the 2040 economy rather than the current one.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/doordash-plans-to-pay-drivers-in-stablecoins-using-tempo-blockchain-report\/\">Doordash<\/a> also joined the partner group, citing faster access to earnings for delivery workers and merchants as a driver behind its participation. Andy Fang, Doordash\u2019s co-founder, said the company has seen firsthand how much faster, cheaper access to earnings matters for Dashers and merchants operating outside the United States.<\/p>\n<p>Remittance firms also signed on. Manuel Godoy, CEO of F\u00e9lix, said customers care more about getting local currency quickly and at a fair price than about which rail moves the money behind the scenes.<\/p>\n<h2>What Comes Next<\/h2>\n<p>Open Standard said Open USD will go live later this year. The company is still inviting additional businesses to join as partners ahead of launch.<\/p>\n<p>For traders watching the <span>stablecoin<\/span> sector, the size of the partner list stands out. Visa, Mastercard, Stripe, Coinbase, and Blackrock rarely back the same project at once. Their combined involvement signals that major payment and finance players see <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> as core infrastructure rather than a niche <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> product.<\/p>\n<p>Open USD does not yet have published figures for total reserves or expected transaction <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a>. Open Standard has not said which <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> networks will support the coin at launch.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) 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. [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74768"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74768"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74769"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}