Open USD Launches With Visa, BlackRock, and 140 Firms Behind It

Open Standard's new stablecoin shares most of its reserve earnings with the businesses that use it, and the news sent Circle shares to a four-month low

Open USD Launches With Visa, BlackRock, and 140 Firms Behind It Open Standard's new stablecoin shares most of its reserve earnings with the businesses that use it, and the news sent Circle shares to a four-month low Aaron Rafferty June 30, 2026 Key Takeaways More than 140 companies, including Visa, Stripe, Mastercard, Coinbase, BlackRock, Google, BNY, and Ripple, joined Open Standard to launch Open USD, a shared stablecoin. Open USD shares most of the income from its reserves with the businesses that use it, and businesses can mint and redeem it with no fees or volume limits. Circle shares fell more than 8% to a four-month low, as the market read the new stablecoin as a direct threat to USDC. More than 140 companies, including Visa, Stripe, Mastercard, Coinbase, BlackRock, Google, BNY, and Ripple, have joined a group called Open Standard to launch Open USD, a shared stablecoin built for the global financial system. Visa's head of crypto, Cuy Sheffield, announced the company's role on June 30 . The pitch is a stablecoin that no single company controls. How Open USD is different Most stablecoins keep the interest earned on their reserves. Circle and Tether sit on tens of billions of dollars in Treasuries and pocket the yield. Open USD flips that. According to The Block , businesses can mint and redeem the token with no fees or volume limits, and most of the reserve income flows back to the companies that use it after a small management fee. The token will be run by an independent organization with a board of partner members rather than a single issuer. Why it rattled Circle The market read it as a direct threat to Circle's USDC. Circle shares fell more than 8% to a four-month low on the news, per CoinDesk . The launch lineup is hard to dismiss, with US Ban