Frank Rondel
Open USD stablecoin will enter circulation later in 2026 through a consortium involving more than 140 companies. Visa, Mastercard, Coinbase, Stripe and BlackRock support the initiative, the customreceipt.com editorial team notes.
The network, named Open Standard, wants to move stablecoins beyond cryptocurrency trading. Its dollar-pegged token is designed for corporate payments, international settlements and liquidity management.
How the Open USD stablecoin will work
Participating businesses will reportedly mint and redeem Open USD without fees or volume limits. The model could reduce friction when companies transfer digital dollars between markets.
The consortium highlights several operational features:
- free minting and redemption for participating companies;
- no fixed limits on transaction volumes;
- support for international and corporate settlements;
- shared governance involving multiple partners;
- access through several blockchain networks.
Open USD is expected to operate on Base, Solana and additional networks. The structure should make the token easier to integrate into existing payment services.
Why reserve revenue matters
Most major stablecoin issuers retain income generated by cash and securities held in reserve. Open Standard plans a different commercial model.
After operating costs and management fees, reserve earnings will be shared with ecosystem partners. This could encourage banks, retailers and technology companies to promote Open USD more actively.
| Feature | Open USD model |
|---|---|
| Main audience | Businesses and payment providers |
| Value | Pegged to the US dollar |
| Minting and redemption | Free for participating companies |
| Reserve income | Shared with ecosystem partners |
| Governance | Consortium-based structure |
| Planned launch | Later in 2026 |
The approach challenges the economics used by established issuers such as Circle and Tether. Circle shares fell sharply after the project was announced, reflecting concerns about new competition.
Which companies support Open Standard
The group includes payment networks, banks, cryptocurrency firms and technology corporations. Reported participants include Google, IBM, Shopify, Samsung Electronics, BNY and Standard Chartered.
The broad membership is central to the project’s strategy. Open Standard needs distribution across wallets, online stores, banking systems and payment applications.
Zach Abrams, Open Standard’s interim chief executive, said large business projects require an open, inexpensive and widely available solution. The consortium also promises governance that does not depend on one issuer.
Can Open USD expand stablecoin payments
Stablecoins already process large transaction volumes, but cryptocurrency trading remains their main use. Retail adoption still faces fragmented acceptance, consumer protection concerns and limited dispute mechanisms.
Open USD will therefore compete on integration rather than price stability alone. Its success depends on whether participating companies use it for real payments, not merely digital asset trading.
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