Open USD alliance targets second-half launch for stablecoin with shared reserve income
Aptos joined the more than 140-company consortium behind OUSD, which includes Stripe, Visa, Mastercard, BlackRock and Coinbase and aims to use shared economics to expand enterprise payments and transfers.
Open Standard’s Open USD, or OUSD, is a dollar-backed stablecoin initiative backed by more than 140 companies including BlackRock, Coinbase, Mastercard, Stripe, Visa and Aptos Labs, with a launch targeted for the second half of this year. The consortium plans a board-governed, multi-chain model that shares reserve income among members rather than concentrating it with a single issuer, a structure CoinShares said could pressure Circle’s USDC economics and affect Circle’s revenue-sharing negotiations with Coinbase ahead of their Aug. 18 renewal. Stripe plans to use OUSD as its default stablecoin for business transactions, which could create immediate commercial demand, but key details including reserve management and fees remain undisclosed and the project may face operational and regulatory challenges.
- stablecoin: A digital token designed to maintain a fixed value, typically by being backed by reserves.
- reserve income: Revenue earned from the assets held to back a stablecoin.
- Layer 1 blockchain: A base blockchain network that supports transactions and applications directly.