A consortium of leading financial institutions and technology companies has unveiled Open USD (OUSD), a new shared stablecoin initiative designed to provide standardized digital dollar infrastructure for payments, settlement and the broader internet economy.
Announced on June 30, the project brings together more than 100 founding partners, including Visa, Mastercard, Stripe, Coinbase, American Express, BlackRock, U.S. Bank, BBVA and Standard Chartered, marking one of the largest collaborative efforts yet to build institutional stablecoin infrastructure.
Rather than competing as another standalone issuer, Open USD aims to establish a common standard that participating financial institutions can integrate into existing payment networks and digital asset services.
Consortium Targets a Shared Digital Dollar
Open USD has been developed as an open-standard stablecoin intended to function as common financial infrastructure rather than a proprietary payment product.
The consortium’s objecti

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