Open USD stablecoin backed by 140 firms launches on Ethereum with Visa, Mastercard, BlackRock

Cointurk2026/07/30 19:30

By:Cointurk

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Open USD (OUSD), a newly developed institutional-focused stablecoin, is preparing to launch directly on Ethereum, according to a statement from Ethereum Institutional. The project is backed by a consortium comprising over 140 companies, including leading names in global finance and technology such as Visa, Mastercard, Stripe, BlackRock, and BNY Mellon.

Consortium structure and industry backing Product features and differentiation Ethereum as the launch platform Competition among stablecoin issuers

Consortium structure and industry backing

Open Standard, an independent governance company, is tasked with developing and overseeing the Open USD stablecoin. Unlike single-issuer models, Open Standard coordinates a broad consortium of firms spanning payments, banking, fintech, and crypto infrastructure. Major participants include Visa, Mastercard, Stripe, BlackRock, BNY Mellon, Coinbase, and Western Union.

With more than 140 member organizations, the consortium aims to provide a robust backing and decentralized governance structure for the stablecoin, distancing it from traditional models led by one dominant entity.

Mini dictionary: Open Standard, a governance-focused firm, manages the rules, integrity, and operations of the Open USD stablecoin consortium, separating control from any single issuer.

Product features and differentiation

Open USD intends to set itself apart from established stablecoins such as USDT and USDC through its revenue-sharing model. Rather than centralizing interest earnings from reserve assets with one issuer, Open USD distributes these earnings to ecosystem partners across its network.

Additionally, Open USD enables businesses to mint and redeem the stablecoin with no fees or artificial volume restrictions. This structure offers more flexibility and cost efficiencies for institutional users.

Open USD distributes reserve earnings to partners, and allows minting and redemption with no fees or restrictions, aiming to drive institutional adoption.

Ethereum as the launch platform

The choice to launch OUSD on the Ethereum network reflects Ethereum’s stronger position in institutional finance and blockchain-based asset management. Ethereum already hosts the largest ecosystem for stablecoins and tokenized U.S. Treasuries, as well as an expanding portfolio of real-world assets.

Tom Lee, co-founder of research firm Fundstrat, characterized Open USD’s launch on Ethereum as a sign that the network remains central to the evolving landscape of institutional finance.

Tom Lee noted that “Open USD choosing Ethereum is validation that after 11 years one blockchain reigns supreme for the future of finance.”

Competition among stablecoin issuers

With its innovative structure and broad institutional support, Open USD is being positioned by analysts as a possible rival to incumbent firms such as Tether (USDT), Circle (USDC), and newer offerings like RLUSD, which is issued by Ripple.

As the consortium-led stablecoin sector continues to evolve, Open USD’s launch could reshape the competitive landscape for digital dollar assets in institutional markets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The quality factor QMJ, which has tracked the US stock market for nearly 70 years, is issuing a rare warning. In July this year, the indicator posted its largest single-month gain of 14.3% since 1957, as the long-running outperformance of junk stocks over more than two years was suddenly reversed. Historically, similar sharp reversals in QMJ occurred during the bursting of the internet bubble in 2000 and the financial crisis in 2008.

华尔街见闻•2026/10/28 10:32

The most reliable warning signal in the US stock market has lit up! After flashing twice in history, both times were followed by a major bear market

Tonight, the Federal Reserve's "no action" is unsurprising, and the market chooses to "buy everything" (except crude oil).

The Federal Reserve is almost certain to pause rate hikes tonight, but strong U.S. economic data is pushing the probability of a rate hike in December back above 80%, fueling expectations for “higher rates for longer.” Strangely, stocks, the dollar, gold, and bitcoin are all rising simultaneously, with the market staging a “buy everything” rally, while only crude oil is falling against the trend. Behind this broad rally, AI financing pressures and credit risks persist, and Wall Street is warning of market correction risks.

华尔街见闻•2026/10/28 10:25

Coca-Cola (KO.US) Q3 Conference Call: Price increases remain manageable, but destocking and foreign exchange headwinds reduce visibility for Q4 and next year; CCBA divestiture restructures revenue profile

Coca-Cola announced its financial results for the third quarter of 2026 and held an earnings conference call.

智通财经•2026/10/28 08:47

US Stock IPO Analysis | From 12 Million to 59.6 Million HKD, Touch Holdings' Light Asset Transition and Growth Ceiling

Although Touch Holdings operates in the traditional field of interior decoration, its explosive growth in performance raises the question of whether it can attract market capital.

智通财经•2026/10/28 08:33