The new token can be minted and redeemed by businesses with zero fees and no volume limits, and the partner list includes Visa, Stripe, Mastercard, Coinbase, and BlackRock.
Open Standard has launched Open USD, a new stablecoin issued natively on Solana. The project says it is backed by more than 140 partners, including Visa, Stripe, Mastercard, Coinbase, and BlackRock. Businesses can mint and redeem the token with zero fees and no volume limits, a structure aimed at making stablecoin access easier for commercial users and payments-related activity on Solana.