HTX Ventures says Open USD, a proposed dollar-backed stablecoin unveiled by Open Standard on June 30, 2026 and planned for launch later in 2026, could shift stablecoin competition from issuance scale toward reserve-income sharing, participant governance and institutional distribution. Under the model, enterprises would be able to mint and redeem OUSD without fees or volume limits, Open Standard would keep a small management fee, and the remaining reserve yield would be directed to partners that adopt and promote the token and to select partners planning to join its board. Open Standard says the consortium includes more than 140 partners, including Visa, Mastercard, American Express, Stripe, Coinbase, BlackRock, BNY and Chime; Chime says it does not currently offer stablecoins or any crypto assets and has told customers to disregard third-party announcements about such initiatives. The project is positioned around payments and global money movement as the GENIUS Act, proposed U.S. stablecoin legislation, moves through Congress, while HTX Ventures says execution will depend on revenue-sharing rules, board authority, payment activity, liquidity depth and redemption efficiency.