Visa, Stripe, and Coinbase back Open Standard's upcoming OpenUSD stablecoin designed to share economics with users · Digg

/Tech2h ago

Visa, Stripe, and Coinbase back Open Standard's upcoming OpenUSD stablecoin designed to share economics with users

Story Overview

Open Standard is rolling out Open USD as the first stablecoin built explicitly as shared infrastructure rather than a proprietary product, with Visa, Stripe, Coinbase and over 140 other partners signed on to support it. The design centers on neutral governance through an independent company, zero mint or redeem fees, and a commitment to return nearly all reserve earnings to the partners and distributors who drive volume.

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Original post

Patrick Collison@patrickc#81inTech

Delighted to partner with Visa, Mastercard, Coinbase, Cloudflare, Google, and many others, to introduce Open Standard, a new stablecoin designed for scale: http://joinopenstandard.com.

6:19 AM · Jun 30, 2026 · 3.7K Views

Shared Economics

Reserve earnings get redistributed instead of captured

Most stablecoin issuers keep the interest earned on reserves; this one routes the bulk back to participants who grow usage, minus only a modest operations fee, creating a direct incentive for broad adoption across payments, exchanges, and marketplaces.

Open Question

Exact rollout date still unknown

The project is slated to go live later in 2026, with partner onboarding already underway, but no firm general-availability window or phased schedule has been published yet.

Sentiment

Many users congratulated Stripe and partners on the Open USD Stablecoin launch as awesome progress for scalable payments, while others dismissed it as lacking real decentralization or openness given Visa and Mastercard's involvement.

Pos

60.3%

Neg

39.7%

19 comments with sentiment.

Cluster Engagement

Digg Deeper

Anthony Dikéasked

How will this affect popular stablecoins like USDC and USDT?

Open USD targets business payments with zero mint/redeem fees and shared reserve economics, directly challenging USDC and USDT in high-volume use cases. Stripe will default to it for stablecoin transactions, and backers including Visa and Coinbase aim for broad adoption as neutral infrastructure. ^¹

As a just-announced project launching later in 2026, any market share shifts remain speculative.

Related links

Open USD (OUSD) Stablecoin | Open Standard

JOINOPENSTANDARD.COMVia

Posts from X

Most Activity

VIEWS1.5K

Few thoughts on OUSD

- The 140+ initial partners have a **massive** amount of distribution outside of crypto. (And that's 9,730 potential B2B stablecoin payment flows.)

- OUSD brings together some of the largest payments companies and Tier 1 crypto exchanges, giving it best-in-class global on/off ramps from Day 1. On/off ramp support is make or break for making a stablecoin a viable payment rail.

- Default shared economics create a much stronger incentive for traditional companies to upgrade their payments infrastructure to stablecoins.

- None of this would be possible without GENIUS. Turns out regulatory clarity gives enterprises confidence to make long-term investments in new infrastructure.

Open Standard@openstandard

Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.

https://joinopenstandard.com/blog/introducing-open-usd

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BOOKMARKS2REPLIES1

Matt Huang@matthuang

Very excited to see this new effort from Stripe, Visa, Coinbase, Mastercard, Amex, Blackrock, and many others to build a new open stablecoin that shares economics back to users and distributors.

OpenUSD will be natively issued on Tempo on day 1!

Open Standard@openstandard

Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.

https://joinopenstandard.com/blog/introducing-open-usd

1h55432

LIKES16

Cuy Sheffield@cuysheffield

3/ I believe stablecoins are at an important inflection point and Open Standard can help move the global ecosystem forward enabling more innovation and deeper integrations into the existing financial system.

https://joinopenstandard.com/blog/introducing-open-usd

2h60216

RETWEETS12

Cuy Sheffield@cuysheffield

1/ Today, we announced Visa is joining Open Standard alongside Stripe, Coinbase, Mastercard, American Express, Blackrock, US Bank, BBVA, Standard Chartered and 100+ initial partners with the mission of issuing Open USD, a shared stablecoin designed for the global financial system.

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Cuy Sheffield@cuysheffield

2/ Open Standard is building around a few core principles.

It will have collaborative governance and be operated by an independent company with a board made up of partner members, ensuring decisions about Open USD are made for the collective interest rather than a single member.

The bulk of Open USD’s economics will be shared with the partners that drive adoption of it and it will be built for scale with no mint or burn fees or artificial limits on volume.

2h58415

David Marcus@davidmarcus

At @lightspark, our commitment to our clients and partners is to offer them the broadest reach of fiat networks (nearly 70 now) and stablecoins. As such we’re thrilled to be part of Open USD, and we’re looking forward to supporting it across Grid and @spark

Lightspark@lightspark

Excited to be a launch partner for Open USD and give our customers another great way to move money globally.

1h83831

Kasozi Abdu-Karim@KasoziAK

@patrickc Congratulations Patrick 👏

1h37011

José Ocampo@kurorosage

@patrickc @grok what are the implications of this launch for normal every day people? Will people be able to access stablecoins more broadly, how does it work, where is it available

Give an as detailed and thorough explanation as you can

1h9752

Marcus@MarcusSpillane

@patrickc Sorry my fellow Irishman. Every stablecoin ever announced was designed for scale. The ones that weren't designed to actually get Visa and Mastercard on the same press release are the interesting part. That list is doing more work than the whitepaper.

1h7002

Liron Shapira@liron

1. The word "blockchain" does not appear in the announcement. Is there a blockchain involved?

2a. If it's a blockchain, why not just have the Open Standard members all sign and mirror all transactions using a traditional immutable replicated ledger architecture? This would make the ledger cryptographically trustworthy to anyone who trusts any subset of the corporations in your top-tier list. Compared to this, what's the point of having a distributed blockchain network verify that each transaction isn't double spending?

2b. If's not a blockchain, will an effort be made to communicate to the public that blockchain technology was a dead end, and "stablecoin" is just a marketing term?

1h4051

André Neves@andreneves

@patrickc Every single day you all “get together in a closed door room and come out with a new payments protocol” that’s meant to be best and open source. What happened to A2A and ACP and all that?

1h6324

Stripe@stripe

We’re making Open USD the default for businesses using stablecoins on Stripe. Coming soon.

Open Standard@openstandard

Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.

https://joinopenstandard.com/blog/introducing-open-usd

1h3.1K325

Matthew Prince 🌥@eastdakota

Open is good…

Patrick Collison@patrickc

Delighted to partner with Visa, Mastercard, Coinbase, Cloudflare, Google, and many others, to introduce Open Standard, a new stablecoin designed for scale: http://joinopenstandard.com.

1h49120

david@dkjo08

@patrickc huge news for the employed

1h3592

Sameer Srivastava@SamAgentline

@patrickc Might become the currency of Agents.

1h2122

Ryan Levy@RyanJLevy

@patrickc definitely keeping a close eye on this 👀

1h4771

Zach Moskow@zachmoskow

@patrickc Congrats!

1h4061

Brandon Brooks@OfficialBBrooks

@patrickc @jeff_weinstein @CarloDAngelo

1h832

simone.dev@simoneDotDev

@patrickc i'm suspicious because stripe is behind this, but looks actually good. no tempo bullshit

1h2041

Tech News@tech_summaries

The "Open Standard" stablecoin project described in the tweet does not appear to be a verified or public initiative by those companies. While major payments firms like Visa, Mastercard, Stripe, and Coinbase have been reported to be exploring stablecoin infrastructure collectively, there is no evidence of a partnership under that specific name or URL. This looks like a project to be cautious of.

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