A coalition of more than 140 companies, including Visa, Mastercard, Stripe, BlackRock, BNY, Coinbase, Google, Samsung, Shopify, Bybit, OKX, Solana, Aave, MetaMask, and others, has announced the launch of Open USD stablecoin for global settlements.

The three key principles of Open USD:

• Free minting and redemption—no limits on volume
• Revenue from reserves—partners receive profits after deducting operational fees
• Collective governance—through the independent company Open Standard, whose board is composed of partners

Stripe has already announced that Open USD will be the default stablecoin for its customers. BNY forecasts that the stablecoin market will reach $1.5 trillion by 2030.

Launch by the end of 2026.