Which companies are backing the Open USD launch?

Supporting companies include Visa, Mastercard, Coinbase, BlackRock, Aptos Labs, and over 140 others.

What is the goal of launching Open USD?

Open USD aims to solve high costs and limited access in global payments by offering fast, low-cost transactions.

When will Open USD be launched?

No specific launch date has been announced yet.

Over 140 Firms Including Visa, BlackRock Back New Open USD Stablecoin

Aptos Labs has joined over 140 companies, including Visa, Mastercard, Coinbase, and BlackRock, to support the launch of Open USD, a stablecoin designed to solve cost and access issues in global payments.

June 30, 2026

2 min read

Source: TheStreet

Key Numbers

firms count

140+

Aptos Labs announced its participation in a consortium of over 140 companies, including Visa, Mastercard, Coinbase, and BlackRock, to back the launch of Open USD, a new stablecoin. The initiative aims to address persistent cost and accessibility challenges in global payments.

The Product

Open USD is a stablecoin pegged to the US dollar, developed by Open Standard. It is designed to offer low-cost, fast, and secure global payments, leveraging blockchain technology for transparency and speed.

Pricing and Availability

Open Standard has not yet disclosed pricing details or a launch date. The stablecoin is expected to be available on partner exchanges and digital wallets.

Competition

Open USD will compete with established stablecoins like USDT (Tether) and USDC (Circle). However, backing from major firms like Visa and BlackRock could provide a trust and adoption advantage.

Potential Impact on Companies

For Aptos Labs, this partnership strengthens its position in digital payments. For Visa and Mastercard, it expands their digital currency services. For BlackRock, it represents a step toward integrating digital assets into investment products.

Frequently Asked Questions

Open USD is a stablecoin pegged to the US dollar, developed by Open Standard with backing from over 140 companies to improve global payments.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.