Delighted to partner with Visa, Mastercard, Coinbase, Cloudflare, Google, and many others, to introduce Open Standard, a new stablecoin designed for scale: http://joinopenstandard.com.
Visa, Stripe, and Coinbase back Open Standard's upcoming OpenUSD stablecoin designed to share economics with users
Story Overview
Open Standard is rolling out Open USD as the first stablecoin built explicitly as shared infrastructure rather than a proprietary product, with Visa, Stripe, Coinbase and over 140 other partners signed on to support it. The design centers on neutral governance through an independent company, zero mint or redeem fees, and a commitment to return nearly all reserve earnings to the partners and distributors who drive volume.
Reserve earnings get redistributed instead of captured
Most stablecoin issuers keep the interest earned on reserves; this one routes the bulk back to participants who grow usage, minus only a modest operations fee, creating a direct incentive for broad adoption across payments, exchanges, and marketplaces.
Exact rollout date still unknown
The project is slated to go live later in 2026, with partner onboarding already underway, but no firm general-availability window or phased schedule has been published yet.
Many users congratulated Stripe and partners on launching the Open USD Stablecoin standard, calling the collaborative framework awesome and a great initiative for finance, while a few accused related platforms of backstabbing Circle.

How will this affect popular stablecoins like USDC and USDT?
Open USD targets business payments with zero mint/redeem fees and shared reserve economics, directly challenging USDC and USDT in high-volume use cases. Stripe will default to it for stablecoin transactions, and backers including Visa and Coinbase aim for broad adoption as neutral infrastructure. ¹
As a just-announced project launching later in 2026, any market share shifts remain speculative.









