- Mastercard announced support for Open USD (OUSD) along with a large partnership of more than 140 companies, including Visa, Stripe, BlackRock, Coinbase, and others.
- Open USD is a stablecoin managed by businesses with no coins or interest. It also includes dividend income from savings accounts.
- The launch of Open USD comes at a time when Mastercard is expanding its presence in the stablecoin market.
On June 30, Mastercard, the leader in payments, announced support for Open USD, a new stablecoin designed for the Internet economy, along with other payment companies such as Visa, Stripe, and 140 major companies.
On Tuesday, Open Standard, an independent company supported by a large consortium, announced the launch of Open USD. The launch of Open USD will provide businesses with a better alternative to USD-based digital currencies.
Mastercard joined the project as a lead, along with other major organizations 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 platforms such as Aave.
Zach Abrams, Founder CEO of Open Standardit is said in official announcement,”Existing stablecoins have great potential, but in order to use them at scale, businesses need something that is open, affordable, scalable, widely available, and compatible with their preferences. We are excited to bring together over 140 businesses to launch Open USD. It is a stablecoin designed for the Internet economy, created by businesses that grow.“
The main goal of the launch of Open USD is to promote the widespread use of stablecoins by companies through traders or consumers. One of the interesting features of OUSD is that there will be no fees or redemption fees. Apart from this, there are no volume caps. It also shares the bank’s assets with affiliated companies after operating expenses.
What is Open USD?
Open USD is fiat-backed stablecoin fixed in USD, which will be fully backed by reserves such as short-term Treasuries or other safe assets. OUSD is designed to achieve international payments and stability. It is specifically designed for e-commerce businesses, remittances, cross-border sales, and AI and agency marketing.
OUSD will be based on several blockchains such as Solana, Stellar, Base, Polygon, and Stripe’s Tempo. OUSD’s large-scale ecosystem will allow businesses to create low-cost products and ensure easy integration with existing systems. Instead of focusing on retail transactions or DeFi, Open USD will focus on B2B requirements, collaboration, and peer-to-peer currency sharing to promote the adoption of stablecoins among financial institutions.
According to the official announcement, Open USD will provide direct yield to its partners.
Samara Cohen, Director of Global Market Development at BlackRock, he said that “We believe that stablecoins can play an important role in the evolution of digital markets when supported by reliable infrastructure and useful tools. Open USD is a constructive step to give businesses more choice in how to get tokenized value and participate in the Internet’s native digital railway.“
Mastercard Expands Stablecoin Footprint Through Open USD
The rise of stablecoins has forced many traditional payment companies to integrate USD-pegged stablecoins into their existing financial systems. To follow suit, Mastercard has also stepped up to adopt blockchain technology. In March, Mastercard announced Acquisition of Stablecoin Infrastructure Company BVNK in a sum of $1.8 billion to connect the rail on the chain with fiat.
Mastercard has been expanding its support for various stablecoins. In June 2026, the company expanded its stable capacity to support stable currencies such as USDC, PYUSD, RLUSD, and SoFiUSD on different blockchains. The goal of this expansion was to create intraday, weekend, and holiday support.
Apart from this, Mastercard has also partnered with Paxos’ Global Dollar Network, Fiserv, Thunes, Yellow Card, and others. By cooperating with such organizations, the company organizes various production, payment, and marketing purposes. It has also launched a Crypto Partner Program with more than 100 companies, including Circle, Solana, and Binance.
