OUSD stablecoin launches with 140+ partners, zero-cost issuance, and shared reserve income. Visa, Mastercard, Stripe back the enterprise settlement network. Launch late 2026.
On June 30, 2026, Open Standard launched OUSD, a digital dollar stablecoin backed by more than 140 corporate partners. Payment processors Visa and Mastercard are among the supporters. Stripe is also a partner. The platform is designed for enterprise settlement, with a partner-governed board replacing a single issuer. Open Standard said issuance and redemption carry no fees.
The consortium distributes reserve income to members after operating costs. That structure gives each organization a direct financial incentive to promote the network. The roster of partners includes BlackRock, BNY, Coinbase, Google, IBM, Ripple, OKX, and Standard Chartered. South Korean members cover Samsung Electronics, Hanwha Group, Dunamu, and multiple card companies such as Samsung Card and Hyundai Card.
OUSD has no predetermined supply cap. Token supply can expand with demand, Open Standard said. The platform targets payment processing, treasury operations, and institutional settlement workflows. Deployment is scheduled for late 2026.
The involvement of Visa and Mastercard signals a deeper commitment to shared stablecoin infrastructure. Both have run pilots with USDC and other digital dollars. OUSD will compete directly with USDT and USDC, the two largest stablecoins by market capitalization. The zero-cost issuance model could pressure incumbents if OUSD builds liquidity and merchant acceptance.
OUSD's governance structure contrasts with USDT and USDC, which are controlled by single companies. Open Standard framed OUSD as collaborative enterprise infrastructure. The consortium includes banks like BBVA and DBS and tech firms like Google and IBM. Crypto exchanges Coinbase and OKX also participate. That breadth could accelerate integration with existing financial systems.
Mastercard carries an AlphaScala Score of 65 out of 100, a moderate reading. The score reflects the company's stable revenue streams and the gradual pace of stablecoin adoption in corporate payments. The consortium governance gives each partner a say in strategy, reducing reliance on a single issuer, Open Standard said.
Whether OUSD can match the liquidity and network effects of Tether's USDT or Circle's USDC remains to be seen. The launch date is set for late 2026.
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