Open USD: a shared stablecoin for global financial activity

The first stablecoin designed as open infrastructure. Open USD (OUSD) gives businesses the economics, governance, and reliability they need to move money.

Read the announcement

The problem

Moving money at scale requires a different stablecoin model

Stablecoins make global money movement faster and cheaper, but they power only a fraction of transactions today. To unlock their full potential, costs must be predictable and value should flow back to the ecosystem.

The solution

Built to move trillions

From economics to governance, Open USD is designed for trust at scale.

  • A new economic model

    Nearly all reserve economics shared with companies that grow adoption.

  • Open, neutral governance

    Led by companies making decisions for the collective interest, not a single entity.

  • Designed for global financial workloads

    Infrastructure built to handle billions of transactions.

  • Predictable, frictionless transactions

    No fees to mint or redeem, even at scale.

  • Safe, regulated reserve management

    Reserves are maintained at major financial institutions in compliance with US regulatory requirements.

  • Broad acceptance and distribution

    Open governance promotes broad adoption as a shared asset in financial markets.

Open Standard

Backed by the world’s leading companies

Open USD is governed and operated by Open Standard, an independent company with an ownership and corporate governance structure that ensures decisions are made in the collective interest. It’s designed to meet the standards of the world’s most exacting institutions—powering everything from payments to trading.

  • Aave
  • Absa
  • Abu Dhabi Islamic Bank ADIB
  • Adyen
  • Affirm
  • American Express
  • Anchorage Digital
  • ANZ
  • Aptos Labs
  • Banca Transilvania
  • Banco Bradesco
  • Banco de Crédito del Perú
  • Bank Hapoalim
  • Bank Leumi
  • Banorte
  • BBVA
  • BCcard
  • Bitget Wallet
  • Bitso
  • BlackRock
  • Blossom
  • BNY
  • Brale
  • Brex
  • Bridge
  • BVNK
  • Bybit
  • CAL (Israel Credit Cards)
  • Checkout.com
  • Chime
Full partner list

Get in touch

Join Open Standard

Open USD is open to any business moving money. Fill out the form to learn more.

  • Financial institutions

    Integrate onchain transactions through a network of regulated partners.

  • PSPs, card issuers, and merchants

    Settle transactions faster and simplify how you accept and pay out funds.

  • Fintechs

    Power payments, transfers, and other money movement use cases.

  • Exchanges, trading, and DeFi

    Use a neutral asset as the foundation for trading activity.

  • Platforms and marketplaces

    Accept funds and pay out to users faster and in more markets.

  • Agentic commerce

    Enable agents to instantly make programmatic payments.

FAQs

What does it mean to join Open Standard?

Joining Open Standard means adopting Open USD as a core transactional asset within your platform or service offering. Participants will gain access to technical documentation, integration support, and the opportunity to earn revenue based on usage of Open USD.

How will Open Standard be governed?

Open Standard is governed collaboratively, with its own independent management team and governance overseeing Open USD’s design and operations.

How will economics be shared?

Open USD (OUSD) is designed to return most revenue generated from reserves (minus a small management fee) to participants who adopt and distribute it. This creates a sustainable incentive structure where participants are rewarded for growing adoption of the shared infrastructure, while the management fee ensures Open Standard can maintain the technical, compliance, and operational rigor required.

When will Open USD launch?

Open USD will launch later this year.