Who are the key members of the Open Standard consortium?

The consortium includes Visa, Mastercard, Coinbase, and over 140 other businesses.

When will Open USD be available?

It is expected to go live later this year, with no exact date specified.

What is the goal of launching this stablecoin?

It aims to accelerate global adoption of digital tokens by addressing hurdles businesses face in scaling stablecoin usage.

Visa, Mastercard Consortium Launches New Stablecoin Open USD

A consortium including Visa, Mastercard, and Coinbase has launched a new dollar-pegged stablecoin called Open USD, aiming to accelerate global adoption of digital tokens. The venture, named Open Standard, brings together over 140 businesses and is expected to go live later this year.

June 30, 2026

2 min read

Source: Reuters

Key Numbers

consortium members

140+

A consortium including Visa (V), Mastercard (MA), and Coinbase announced the launch of a new U.S. dollar-pegged stablecoin, aiming to broaden the adoption of digital tokens.

Project Details

The consortium, named Open Standard, has launched a stablecoin network comprising over 140 businesses. It will issue a new stablecoin called Open USD, pegged 1:1 to the U.S. dollar, expected to go live later this year.

Objective

The project aims to accelerate global stablecoin adoption by addressing hurdles businesses face in scaling stablecoin usage, according to an Open Standard statement.

Competition

The launch comes amid increasing competition in the stablecoin market, currently dominated by USDT (Tether) and USDC (Circle). The involvement of Visa and Mastercard could lend credibility to the project and encourage institutional adoption.

Potential Impact

For Visa and Mastercard, this represents an expansion into digital payments and blockchain, potentially opening new revenue streams. However, the direct financial impact remains unclear at this early stage.

Frequently Asked Questions

The consortium launched Open USD, a stablecoin pegged 1:1 to the U.S. dollar.

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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.