Visa, Stripe, BlackRock and Coinbase back Open USD stablecoin alliance
Open Standard says its dollar-pegged Open USD is expected to launch later in 2026 on Solana, Stellar, Base and Polygon with more than 140 partners and a reserve-income-sharing model.
Open Standard says Open USD, a dollar-pegged stablecoin backed by more than 140 companies including Visa, Stripe, Mastercard, American Express, BlackRock, BNY, Standard Chartered, DBS, U.S. Bank and Coinbase, is expected to go live later in 2026 on Solana, Stellar, Base and Polygon. The consortium says the token will have no minting or redemption fees, no volume limits, and will return most reserve income, minus a management fee, to participating companies, directly challenging the economics used by established issuers such as Circle and Tether. Coinbase’s support is notable because it has been a key backer of Circle’s USDC.
- stablecoin: A digital token designed to maintain a fixed value, often by being pegged to a currency such as the U.S. dollar.
- reserve income: Yield earned on the assets backing a stablecoin, which some issuers keep and others may share with partners.
- USDC: A dollar-pegged stablecoin issued by Circle.