Visa, Stripe and BNY Mellon Launch Open Standard Stablecoin With 100-Plus Backers
Updated
Updated · Bloomberg · Jun 30
Visa, Stripe and BNY Mellon Launch Open Standard Stablecoin With 100-Plus Backers
3 articles · Updated · Bloomberg · Jun 30
Summary
More than 100 fintechs, payment networks, crypto firms and banks have joined a new stablecoin venture called Open Standard, led by Visa, Stripe and BNY Mellon.
The group is pitching the token as a way to broaden mainstream use of digital money-movement technology by linking established finance, payments and crypto players.
BlackRock, Klarna, Chime, Alphabet and Coinbase are among the supporters, underscoring an unusually broad coalition behind the launch.
Is the new 'Open Standard' stablecoin a step toward financial democracy or the creation of a powerful new Wall Street cartel?
As U.S. giants launch a new dollar coin, can Europe's rival project prevent a complete digital dollar takeover?
With its new yield-bearing funds, is BlackRock helping build the new financial system or just cleverly bypassing stablecoin laws?
Open USD (OUSD): 140 Major Firms Back New Stablecoin to Transform Global Payments and Digital Finance
Overview
On June 30, 2026, over 140 major companies—including Visa, Stripe, BNY Mellon, Mastercard, BlackRock, Coinbase, and American Express—joined forces to launch Open USD (OUSD), a new stablecoin designed as a neutral, shared infrastructure. OUSD aims to revolutionize global payments and the internet economy by addressing the fragmentation and complexity of digital assets. Built on openness and collaboration, it operates as an open standard, making it easier for businesses and users to adopt. This launch marks a new era for stablecoins, promising greater efficiency and unity in digital finance.