Season 2 · Episode 16
Open Standard Open USD: Stripe, Visa, Coinbase Invest: $1B+ Liquidity
Summary
Coinbase, Mastercard, Shopify, Stripe and Visa are now founding partners and investors in Open Standard, the company behind the Open USD (OUSD) stablecoin, backing what it calls $1B+ in launch liquidity.
Announced Sept 24, 2026, the update also makes Zach Abrams, founder of Bridge, full-time CEO. We explain what Open Standard is, what has changed since the June 30 launch announcement, and the new ownership layer: once OUSD goes live, partners can earn equity based on the supply and activity they drive. The stablecoin is announced but not yet live, and no launch date has been given.
What you'll learn:
- What Open Standard and Open USD are, and how partners share in reserve earnings
- Founding partner vs. listed partner, and why only five are investors
- Why Open Standard wants to be judged by payment volume, not reserve size
- Where Visa's Stablecoin Platform beta fits
- What's still undisclosed: the issuer, fees and reserve details
Keywords: Open Standard, Open USD, OUSD, stablecoin, Stripe, Visa, Mastercard, Coinbase, Shopify, Bridge, Zach Abrams, stablecoin settlement, fintech.
#OpenUSD #OpenStandard #Stablecoins #Payments #Stripe #Visa #Fintech
Chapters
- 0:00Intro: Open Standard's founding partners
- 2:29What Open USD promises: no-cost mint and redeem
- 5:06Equity and reserve sharing
- 7:38Why CoinShares calls it a threat to Circle
- 9:20Exit fees, treasuries and weekend settlement
- 14:16An invisible rail, and Visa's stablecoin platform
- 16:51The off-ramp problem
- 19:06What's still undisclosed
