- Mastercard announced its support for Open USD (OUSD) alongside a major consortium of more than 140 companies, including Visa, Stripe, BlackRock, Coinbase and others.
- Open USD is a new, regulated stablecoin for businesses with no mint or redemption fees. It also includes shared revenues from reserves.
- The launch of Open USD comes as Mastercard is expanding its presence in the stablecoin market.
On June 30, Mastercard, a leading payment network, announced its support for Open USD, a new stablecoin designed for the internet economy, along with other payment companies such as Visa, Stripe, and more than 140 major companies.
On Tuesday, Open Standard, an independent company backed by a major consortium, announced the launch of Open USD. The launch of Open USD will provide businesses with a better alternative to the US dollar-backed digital currency.
Mastercard has joined the project as a lead partner, along with other major entities such as Visa, Stripe, BlackRock, Coinbase, American Express, Google and others. It also includes major Japanese banks such as Sumitomo Mitsui and Mizuho, along with other blockchain-based platforms such as Aave.
Zack Abrams, Founding CEO of Open Standardcame in Official announcement“,”Existing stablecoins have significant strengths, but to use them at scale, companies need something that is open, low-cost, high-throughput, widely accessible, and aligned with their interests. We are excited to bring together over 140 companies to launch Open USD. It is a stablecoin designed for the Internet economy, and designed by the companies that develop it.“
The main purpose of launching Open USD is to promote widespread use of stablecoins by businesses bypassing traders or consumers. One great feature of OUSD is that there will be no mint or redemption fees. Apart from this, there are no size caps. It also shares the economics of reserves with partner companies after operating costs.
What is an open US dollar?
Open USD is a supported fiat currency Stable coin Tied to the US dollar, which will be backed entirely by reserves such as short-term Treasuries or other safe assets. OUSD is designed to target global payments and settlements. It is specifically designed for businesses in the areas of e-commerce, remittances, cross-border trade, artificial intelligence, and agent commerce.
OUSD will be launched on several blockchains such as Solana, Stellar, Base, Polygon, and Stripe’s Tempo. This large OUSD ecosystem will allow companies to conduct cheap transactions while ensuring easy integration into existing systems. Instead of focusing on retail or DeFi trading, Open USD will focus on B2B facilities, interoperability, and partner revenue sharing in order to promote stablecoin adoption among financial institutions.
According to the official announcement, Open USD will provide direct revenue generation to partners.
Samara Cohen, Global Head of Market Development “We believe that stablecoins can play an important role in the evolution of digital markets when they are supported by reliable infrastructure and a practical tool. Open USD is a constructive step towards giving companies more choices in how they access token value and participate in native digital pathways online.“
Mastercard is expanding its stablecoin footprint by unlocking the US dollar
The emergence of stablecoins has forced many traditional payment companies to integrate stablecoins pegged to the US dollar into their existing financial infrastructure. To follow this trend, Mastercard has also intensified the adoption of blockchain-based innovations. In March, MasterCard announced Acquired stablecoin infrastructure company BVNK in a deal worth around $1.8 billion in order to connect on-chain rail and fiat currencies.
Mastercard has also expanded its support for various stablecoins. In June 2026, the company expanded its settlement capabilities to support regulated stablecoins such as USDC, PYUSD, RLUSD, and SoFiUSD across various blockchains. The purpose of this expansion was to provide support for settlements during the day, weekends and holidays.
Apart from this, Mastercard has also collaborated with global dollar network Paxos, Fiserv, Thunes, Yellow Card, and others. By collaborating with such entities, the company plans for various purposes of coinage, payments and commercial use. It has also launched a Crypto Partner Program with over 100 companies, including Circle, Solana, and Binance.
