Open Standard introduced Open USD, a new dollar-pegged stablecoin backed by a consortium of over 140 companies including Visa, Stripe, Mastercard, Google, Rakuten, and Coinbase. The stablecoin is issued and operated by Open Standard using a collaborative governance model. The project aims to challenge existing stablecoin models by introducing three core design tenets: free minting and redemption, collaborative governance with an independent board of partners, and the distribution of yield from reserve assets back to its members.

Under the default-earnings structure, partner companies receive interest generated by the underlying dollar reserves, less an operational management fee retained by Open Standard. The model aligns member interests directly with the growth of the supply, resolving a common merchant friction where third-party issuers capture all treasury yields. Open USD will also support zero-cost minting and redemption to accommodate high-volume commercial payments.

The consortium spans traditional financial networks, fintech institutions, technology platforms, and crypto-native protocols, positioning the asset to bridge legacy corporate systems with onchain finance. Moving beyond trading-focused use cases, Open Standard expects to launch the stablecoin on mainnet later this year. OUSD will also launch on Base leveraging B20, Base's native token standard designed for RWAs with built-in compliance and control.

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