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

Open Standard announced strategic partnership on July 8, 2026.

Primary

Open Standard

Structure

strategic partnership

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 fintec

Primary company

Open Standard

Counterparty

Not disclosed

Amount

Not disclosed

Event date

July 8, 2026

Sub-sector

Crypto / Stablecoin

HQ

Not disclosed

Structure

strategic partnership

Source published

Not disclosed

Publisher

PYMNTS

Source: pymnts.com