Visa and Mastercard Lead 140-Company Consortium to Launch USD-Pegged Open USD Stablecoin
V•Visa and Mastercard have launched Open USD, a U.S.-dollar–pegged stablecoin backed by over 140 companies including Coinbase, Stripe and BlackRock. Businesses can mint and redeem tokens free of charge with no volume caps under an independent Open Standard governance structure that returns reserve earnings to partners.
1. Consortium Launch and Participants
Visa and Mastercard have spearheaded an industry consortium called Open Standard, enlisting over 140 partners such as Coinbase, Stripe, BlackRock, Google and American Express to launch a new USD-pegged stablecoin named Open USD.
2. Features and Benefits
Open USD offers businesses free minting and redemption of tokens with no volume caps, along with high throughput and low-cost transactions designed to support large-scale digital payments and enterprise use cases.
3. Governance and Revenue Distribution
The stablecoin will be governed by an independent Open Standard entity with a board drawn from partner companies, and reserve earnings will be returned to participating members after a small management fee, aligning incentives across the network.
4. Regulatory Compliance and Market Outlook
Open USD is structured to comply with federal stablecoin regulations under the Genius Act and enters a market valued at $313 billion, which analysts project could expand to $2 trillion by 2030.
