Open USD Adds Ethereum to Its Multichain Rollout

The July 30 announcement from Ethereum Institutional confirms the network’s inclusion and highlights its role in the stablecoin’s business-focused settlement infrastructure.

As we previously reported, more than 140 companies have joined Open Standard, including Visa, Mastercard, Stripe, BlackRock and BNY. Under the proposed model, most reserve income would be shared with businesses that distribute and use the stablecoin instead of remaining entirely with a single issuer.

Why Ethereum Matters to Open USD

Ethereum offers payment companies a shared settlement network without placing the underlying ledger under the control of any one participant.

That matters when companies such as Visa, Mastercard and Stripe are expected to use the same infrastructure. Each can verify the asset and its settlement rules without relying on a private system operated by a direct competitor.

Ethereum also brings established liquidity, mature infrastructure and familiarity among institutional m...