Visa, Mastercard Team with Coinbase and BlackRock to Launch $1-Pegged Open USD
V•V•V•V•Visa, Mastercard, Coinbase and BlackRock today launched Open USD (OUSD), a blockchain-based stablecoin positioned to challenge USDT and USDC market share. The consortium’s governance framework integrates Visa/Mastercard payment rails and Coinbase custody services, positioning OUSD as a $1-pegged asset with institutional backing.
On July 1, 2026, Visa, Mastercard, Coinbase and BlackRock unveiled Open USD (OUSD), a dollar-pegged stablecoin positioned to challenge USDT and USDC market share.
OUSD integrates Visa and Mastercard payment rails for instant on/off ramps and relies on Coinbase for wallet custody and trading support, simplifying access for institutional and retail users.
A governance board featuring representatives from each partner oversees reserve management, with BlackRock underwriting initial liquidity commitments to uphold the $1 peg.
