New Stablecoin Just Announced: Open USD Backed by 140 Companies

[mu_enrico]

Open USD, often called OUSD, though the ticker is already taken by Origin Dollar, was just announced on 30 June 2026. It's said that big companies like Visa, Mastercard, Stripe, American Express, BlackRock, etc., up to 140 companies, are backing this stablecoin. It would be massive, don't you think?

Open Standard, LLC would be the issuer, and it's said that they will use the Tempo network from day one, and more will likely follow, and it is expected to launch later this year.

What do you think? Would this be good for the cryptocurrency ecosystem? Would they take over USDT and USDC's reign? Or is it a bad sign that, instead of becoming unbanked, people are again subject to bankers' products?

Source: https://www.theblock.co/post/406736/visa-stripe-coinbase-join-open-usd-stablecoin-shares-reserve-revenue

[luk3Z]

Great. I think it is also a good time for "Open Bitcoin' now.

[MAAManda]

What do you think? Would this be good for the cryptocurrency ecosystem? Would they take over USDT and USDC's reign? Or is it a bad sign that, instead of becoming unbanked, people are again subject to bankers' products?

None of the stablecoins with significant market capitalization are truly decentralized. Therefore, the arrival of $OUSD should not have any negative impact, even though they're backed by banks. The existence of $OUSD will drive better adoption if awareness of the asset is spread, increased adoption means increased capitalization for the crypto industry.