Visa headquarters for a ProCoinNews article about Open USD and stablecoin payment partners.

140 Companies Just Backed a New Stablecoin That Pays Them Back

By Isaac • June 30, 2026 10:55 am • Comments

Open Standard introduced a new stablecoin called Open USD on June 30, and the partner list reads like a roll call of the payments and finance world.

Visa, Stripe, Mastercard, American Express, Discover, Coinbase, Solana, BlackRock, BNY and many others have signed on to use it.

The pitch is simple and aggressive. Businesses can mint and redeem Open USD at no cost, with no artificial volume limits, and the earnings from the reserves flow back to the partners building on it.

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That last part is the real story here. Most stablecoins keep the yield on their reserves for the issuer.

Open USD wants that money to go to the companies driving the usage.


The reserve economics matter because stablecoin reserves are where the money is. Billions sit in short-term Treasuries earning interest, and right now the issuer collects almost all of it.

Open Standard is offering a different deal to the merchants, processors and exchanges that move the volume.

Open Standard described Open USD as a stablecoin built for global money movement at scale. No mint or redeem fees.

No artificial volume caps. Partners keep the reserve earnings and get a voice in how the product evolves.

The governance angle is the second half of the pitch. The companies using the token help steer it instead of taking whatever terms a single issuer sets.

The Block put the Open USD launch into stablecoin-market terms. The Block reported that Visa, Stripe, Coinbase and more joined Open USD, a stablecoin expected to launch later this year.

It also highlighted the reserve-revenue sharing model and the claim that businesses will be able to mint and redeem without fees or volume limits. That current-news frame is useful because the stablecoin market is increasingly a fight over economics.

USDC and USDT became large by winning trust, liquidity and distribution, but new entrants are trying to win the companies that create payment volume. A reserve-sharing model gives those companies a reason to care about which stablecoin their customers use.

It also pressures incumbent issuers because the question becomes who gets paid when digital dollars sit in reserve assets. The launch-status caveat matters too.

Open USD is expected later this year, so readers should treat today’s news as a major partner and architecture announcement rather than a live consumer product. That does not make it small.

It means the next test is execution: issuance, redemptions, chain support, compliance and real transaction demand.


Coinbase confirmed Open USD is coming to Base and other leading chains this year, and framed its role as joining 140-plus industry leaders to build regulated stablecoin infrastructure at scale.

Solana posted that Open USD will launch natively on Solana from day one, putting two of the most active chains in crypto behind distribution before launch.

The reaction in the existing market was immediate.

CoinDesk tracked the competitive reaction around Circle and Open USD. CoinDesk reported that Circle shares fell as Stripe, Coinbase, BlackRock and other firms backed the Open USD network.

That market reaction shows why the announcement landed beyond crypto Twitter. Circle’s public-market value is tied to confidence that USDC can keep growing and that Circle can keep capturing economics around it.

Open USD raises a different model: a stablecoin network where partners share more of the reserve income and minting costs are pushed down. The competitive question reaches beyond which token can hold a dollar peg.

It is which token gives major platforms the best business reason to route payment volume through it. CoinDesk’s piece helps readers see the stock-market angle without turning the article into a Circle trading note.

A single-day move in CRCL does not settle the stablecoin race. It does show investors understand that reserve economics can become a competitive weapon.

Bitcoin.com emphasized the size of the Open USD partner list. Bitcoin.com reported that 140 firms, including Coinbase and Ripple, are part of the Open USD push.

That breadth matters because stablecoins depend on distribution as much as technical design. A token can have clean contracts and transparent reserves, but it still needs wallets, exchanges, payment processors, merchants and banks to move volume.

The Open Standard announcement is trying to show that those channels are already in the room. The partner list also makes the story bigger than a single-chain launch.

Open USD is being presented as a cross-industry payment layer, with crypto networks and traditional payment companies sitting beside one another. Adoption still depends on issuance, redemption, compliance, liquidity and real payment volume.

The project nevertheless starts with an unusually large coalition for a new stablecoin brand.


A few cautions are worth stating plainly. Being on the partner list does not mean every named company is issuing the token.

And partner reserve economics are a business model, not a guaranteed return for anyone holding the coin.

The honest read is that this is a serious signal about where stablecoins are heading. When Visa, Stripe, Mastercard, BlackRock, Coinbase and Solana line up behind one model, the fight over who captures the yield behind digital dollars has officially started.

Open USD still has to ship, prove its reserves and earn trust the way USDC did over years. But the coalition is real, the economics are different, and the incumbents already felt it in their stock price.

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