Open Standard launches Open USD stablecoin with 140 major backers; market signals competit

Open Standard announced a strategic partnership on July 8, 2026.

Primary

Open Standard

Date

July 8, 2026

Sub-sector

Crypto / Stablecoin

A new stablecoin backed by industry giants (Visa, Mastercard, BlackRock, Coinbase, Stripe) signals consolidation around dollar-backed digital currencies. For crypto-adjacent fintechs, this establishes a new competitive baseline and potential integration partner, while raising questions about market fragmentation and which stablecoin standards will prevail.

Primary company

Open Standard

Counterparty

Not disclosed

Amount

Not disclosed

Event date

July 8, 2026

Sub-sector

Crypto / Stablecoin

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

PYMNTS

Source: pymnts.com