Chime joined the Open Standard consortium behind a dollar-pegged stablecoin. It still does not offer crypto to users. The distribution network spans 140 partners including Visa and Mastercard.
Chime Financial, the neobank with tens of millions of US customers, is weighing whether stablecoins belong inside its banking app. The company joined Open Standard, the consortium behind Open USD, a dollar-pegged stablecoin built for payments and cross-border transfers. That group includes Visa, Mastercard, and Coinbase, and now totals more than 140 partners.
Chime has made one thing clear: it does not offer stablecoins or any crypto to users today, and it has told customers to ignore third-party reports about stablecoin plans. The company's participation in Open USD is notable exactly because of how cautiously it has approached digital assets.
Open Standard unveiled Open USD on June 30, 2026, describing it as neutral payment infrastructure rather than a speculative token. A launch is planned later in 2026, though no firm date has been set. The consortium's breadth – spanning card networks, neobanks, and crypto exchanges – gives the stablecoin a distribution advantage that existing tokens lack. Tether's USDT and Circle's USDC were built crypto-first and adopted by traditional finance later. Open USD is attempting the reverse.
Chime's CEO has said consumer demand for stablecoins among the neobank's user base is not there yet. In July 2026, the company launched Chime Invest, a commission-free trading platform for stocks and ETFs, without including any digital asset trading.
Chime's stock fell 8% in June 2025 as stablecoin legislation moved through Congress and competitors pushed harder into digital asset integration.
For Mastercard, also in the consortium, the push aligns with its work on stablecoin compliance. The card network tested a single-audit stablecoin compliance tool with Borderless.xyz earlier this year. The question for Chime is whether Open USD's eventual launch creates enough demand to bring stablecoins to its 140 million registered users.
Chime has an Alpha Score of 64/100 on AlphaScala, labeled Moderate. The score reflects the neobank's position in a sector where stablecoin integration is still unproven for the mass consumer base it serves.
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