Introducing Open USD

By bringing stablecoins to our retail and corporate clients, we are fundamentally changing how money moves—making financial transactions frictionless and available 24/7.

We believe stablecoins can play an important role in the evolution of digital markets when supported by trusted infrastructure and practical utility. Open USD is a constructive step toward giving businesses more choice in how they access tokenized value and participate in internet native digital rails.

A stablecoin with neutral governance and shared economics is a unique combination that has potential to unlock the next phase of digital assets growth. We anticipate that stablecoins alone may grow to $1.5 trillion by 2030 and we look forward to exploring ways for BNY to support Open USD.

Stablecoins are a breakthrough technology, and realizing their potential requires a common framework for moving value across the digital economy. Open USD helps create that foundation, and Chime is proud to join industry leaders in building the next generation of money movement.

Stablecoins are the most important thing happening in payments right now, and we’re committed to giving our customers access to the best options available – including Open USD and beyond. The more great infrastructure this industry builds together, the faster we close the gap between what payments are today and what they should be.

In building payout products for Dashers and merchants in the U.S., we’ve seen firsthand how meaningful faster, more affordable access to earnings can be. Stablecoins give us a real path to bring that level of financial flexibility to other geographies we operate in. What sets Open USD apart is that it’s genuinely open: no single company controls it, and the partners building on it have a seat at the table. That’s the right foundation for moving money for everyone.

At Félix, we learned very early that the customer does not care what rail moves the money. They care that their family receives local currency quickly, reliably, and at a fair price. That is where stablecoins become useful in the real world: not as a product itself we ask people to understand, but as infrastructure that makes money movement work better behind the scenes. Open Standard’s approach is interesting to us because it points in that direction, toward stablecoin infrastructure that is more open, more interoperable, and built for practical use cases like remittances.

Fireblocks already settles a meaningful share of global stablecoin volume for banks, PSPs, and the world’s largest payment networks. Joining Open Standard is a natural extension of that role, and a real signal that the industry is consolidating around shared, regulated infrastructure rather than building it in silos.

The technologies that changed the world, from the internet to mobile networks, succeeded because they became shared infrastructure that anyone could build on. As stablecoins become a new way to move value globally, we believe the infrastructure behind them should follow the same path: open, interoperable and broadly accessible. Open Standard is an effort to help build that foundation.

Stablecoins become much more powerful for merchants when the ecosystem builds around them together. That’s what makes Shopify’s participation in Open Standard compelling: we can help shape how it works for small businesses, alongside other platform leaders driving adoption. The result is a stronger foundation for more choice at checkout, more efficient money movement, and more opportunity for entrepreneurs around the world as stablecoin becomes part of everyday commerce.

Businesses need a stablecoin designed to work at global, industrial scale. And not at the scale of the 2026 economy, but of the 2040 economy, with flurries of activity we can only begin to imagine. That’s why Open USD will be the default stablecoin for businesses running on Stripe; they are the ones shaping the next 15 years of economic growth.

In payments, scale only comes with trust. As stablecoins evolve, the focus must shift from speed to reliability, governance, and interoperability. Visa is bringing the same discipline, risk standards, and operational rigor we apply to our global network to Open USD, helping build the trust layer that allows stablecoins to operate confidently within the broader financial system.