1 month ago
10
Key Takeaways
- Open Standard launched Open USD, a stablecoin backed by a consortium of 140+ companies.
- Partners can mint and redeem at no cost and share in the reserve earnings.
- Visa, Mastercard, Stripe, BlackRock, BNY, and Coinbase are among the backers.
- It’s governed collaboratively by its partners rather than a single issuer.
The notable part isn’t the token itself, plenty of dollar-pegged stablecoins already exist, but the governance and economics built around it, which aim directly at the structural complaints businesses have long had about existing stablecoins.
What Open USD Actually Is
At its core, Open USD is a new stablecoin built for global money movement, a dollar-pegged token designed to move value across borders and across the internet economy. Three design principles define it. Businesses can mint and redeem Open USD at no cost, with no artificial volume limits. Partners receive all earnings from the underlying reserves, minus a small management fee, rat...
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