POPA ReconOpen Standard launches Open USD - stablecoin backed by Visa, Mastercard, BlackRock and 140+ others
Open Standard launches Open USD - stablecoin backed by Visa, Mastercard, BlackRock and 140+ others Over 140 of the world's biggest companies are launching a shared stablecoin called Open USD (OUSD), operated by a new independent entity, Open Standard. The roster spans finance, tech and crypto - Visa, Mastercard, Stripe, American Express, BlackRock, BNY, Google, Samsung, IBM, Shopify, DoorDash, Coinbase, Ripple and Solana. Unlike USDC and Tether, where the issuer keeps the reserve yield, OUSD shares all of it with partners (minus a small fee), lets businesses mint and redeem for free with no…
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