What Open Standard does

Open Standard, LLC is a US-based independent company that governs and operates Open USD (OUSD), a blockchain-based stablecoin designed as open infrastructure for global financial activity. Founded by Zach Abrams, the company is structured with a board composed of its consortium partners rather than a single controlling entity, positioning Open USD as a collaboratively governed shared asset rather than a centrally controlled product. At announcement in mid-2026, more than 140 partner organizations had signed up, spanning global banks, payment networks, card issuers, merchant acquirers, fintechs, crypto exchanges, wallets, blockchain protocols, and consumer platforms.

Open USD's core design features no fees to mint or redeem at any volume, reserves held at major US-regulated financial institutions, shared reserve economics that return nearly all earnings to partners minus a small management fee, and infrastructure built to handle billions of transactions. Its stated target use cases span payments, treasury operations, trading, cross-border remittances, platform and marketplace settlements, and programmable money for AI-driven agentic commerce.

Open Standard's revenue model is a small management fee applied to earnings from Open USD reserves, intended to cover technical, compliance, and operational costs. Distribution is channel-driven through the 140+ partner consortium, with Stripe committing to make OUSD its default stablecoin for businesses on its platform. The company operates globally, with partner coverage across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, and serves six target segments: financial institutions, PSPs/card issuers/merchants, fintechs, exchanges/trading/DeFi, platforms/marketplaces, and agentic commerce. As of the available data, Open USD is announced for launch later in 2026, and the company has not disclosed revenue.

Name

Open Standard

Legal name

Open Standard, LLC

Website

https://joinopenstandard.com

Company type

Private

Operating status

Operating

Short description

Open Standard, LLC operates Open USD (OUSD), a no-fee stablecoin built as open infrastructure for global money movement. Backed by 140+ partners including Visa, Stripe, Mastercard, BlackRock, and BNY, it generates revenue via a small management fee on shared reserve economics.

Ownership category

akta.pro rank

Product category

Stablecoin Infrastructure

NAICS

Securities and Commodity Exchanges (523210)

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Stablecoin Issuers (Fiat-Backed) (FSADADAA)

akta.pro secondary industries

Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)

Keywords

• Stablecoin infrastructure
• Digital payments
• Blockchain payments
• Programmable money
• Reserve management

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales

Revenue model

1. Reserve Management Fees: Open Standard generates revenue through a small management fee applied to the earnings from Open USD's reserves. Reserves are held at major financial institutions and generate returns that are passed back to participants who adopt and distribute Open USD. The management fee covers Open Standard's technical, compliance, and operational costs while ensuring participants are rewarded for growing adoption.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels3 records

Core offering

Open Standard develops and operates Open USD (OUSD), a blockchain-based stablecoin designed as open infrastructure for global financial activity. Businesses can mint and redeem Open USD at no fee at any volume, with reserves held at major US-regulated financial institutions. Open USD is governed by Open Standard, an independent company with a board composed of partner companies, and nearly all reserve earnings are shared back to adopting partners minus a small management fee retained by Open Standard.

Product overview

Open Standard offers a single core product: Open USD (OUSD), a stablecoin designed as open infrastructure for global financial activity. The product provides businesses with a shared stablecoin featuring no-cost minting and redemption, collaborative governance operated by an independent company with partner-led board, and revenue sharing where partners receive earnings from reserves minus a small management fee. Open USD targets financial institutions, PSPs, card issuers, merchants, fintechs, exchanges, trading platforms, marketplaces, and agentic commerce applications.

Differentiator

Problem solved

Functional benefit

Brands

• Open USD (OUSD): A stablecoin designed as open infrastructure for global financial activity, with open governance, shared reserve economics, and no fees to mint or redeem.

Products and services

• Open USD (OUSD) A blockchain-based stablecoin designed as open infrastructure for global financial activity, enabling businesses to mint and redeem at no fee, settle and move money at industrial scale, and share in reserve economics through a 140+ partner consortium with reserves held at major US-regulated financial institutions. Targeted at financial institutions, PSPs, card issuers, merchants, fintechs, exchanges, trading platforms, marketplaces, and agentic commerce applications.

Quantifiable outcome

• Stablecoins projected to grow to $1.5 trillion by 2030 (per BNY)
• +2 more outcomes

Named customers20 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

167 partnerships are on record, tiered core.

• VisacoreStrategic or Co-development Partner · 30 June 2026Visa joined Open Standard bringing its discipline, risk standards, and operational rigor to help build the trust layer that allows stablecoins to operate confidently within the broader financial system. Jack Forestell, Chief Product and Strategy Officer, leads Visa's involvement.
• StripecoreStrategic or Co-development Partner · 30 June 2026Stripe will make Open USD the default stablecoin for businesses running on Stripe. Will Gaybrick, President of Technology and Business, represents Stripe's commitment to shaping the next 15 years of economic growth.
• MastercardcoreStrategic or Co-development Partner · 30 June 2026Mastercard joined Open Standard believing stablecoin infrastructure should be open, interoperable, and broadly accessible. Jorn Lambert, Chief Product Officer, represents Mastercard's strategic involvement.
• BlackRockcoreStrategic or Co-development Partner · 30 June 2026BlackRock views Open USD as a constructive step toward giving businesses more choice in accessing tokenized value. Samara Cohen, Global Head of Market Development, leads BlackRock's participation.
• BNYcoreStrategic or Co-development Partner · 30 June 2026BNY anticipates stablecoins may grow to $1.5 trillion by 2030 and is exploring ways to support Open USD. Carolyn Weinberg, Chief Product and Innovation Officer, represents BNY's strategic interest.
• CoinbasecoreStrategic or Co-development Partner · 30 June 2026Coinbase is committed to giving customers access to the best stablecoin options including Open USD. Shan Aggarwal, Chief Business Officer, leads Coinbase's involvement in building infrastructure together.
• ShopifycoreStrategic or Co-development Partner · 30 June 2026Shopify joined to help shape how Open USD works for small businesses alongside platform leaders. Rohit Mishra, VP Product, Payments, Tax, and Cross-Border, represents Shopify's participation.
• BBVAcoreStrategic or Co-development Partner · 30 June 2026BBVA is bringing stablecoins to retail and corporate clients, making financial transactions frictionless and available 24/7. Alicia Pertusa, Head of CIB Partnerships & Innovation, leads BBVA's involvement.
• AdyencoreStrategic or Co-development Partner · 30 June 2026Adyen joined to help shape an open, merchant-first foundation for stablecoin utility. Tom Adams, CTO, represents Adyen's strategic involvement.
• ChimecoreStrategic or Co-development Partner · 30 June 2026Chime is creating the foundation for the next generation of money movement. Chris Britt, CEO and Co-founder, represents Chime's commitment to stablecoins as breakthrough technology.
• DoorDashcoreStrategic or Co-development Partner · 30 June 2026DoorDash sees Open USD as a path to bring faster, more affordable earnings access globally. Andy Fang, Co-founder, represents DoorDash's involvement in building the right foundation for moving money.
• FireblockscoreStrategic or Co-development Partner · 30 June 2026Fireblocks settles meaningful global stablecoin volume and joins Open Standard as a signal that the industry is consolidating around shared, regulated infrastructure. Michael Shaulov, CEO, leads Fireblocks' participation.
• American ExpresscoreStrategic or Co-development Partner · 30 June 2026American Express joined Open Standard as a founding partner to support open stablecoin infrastructure.
• DiscovercoreStrategic or Co-development Partner · 30 June 2026Discover joined Open Standard as a founding partner to support open stablecoin infrastructure.
• FiservcoreStrategic or Co-development Partner · 30 June 2026Fiserv joined Open Standard as a founding partner to support open stablecoin infrastructure.
• CloudflarecoreStrategic or Co-development Partner · 30 June 2026Cloudflare joined Open Standard as a founding partner to support open stablecoin infrastructure.
• CorpaycoreStrategic or Co-development Partner · 30 June 2026Corpay joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Jack HenrycoreStrategic or Co-development Partner · 30 June 2026Jack Henry joined Open Standard as a founding partner to support open stablecoin infrastructure.
• KlarnacoreStrategic or Co-development Partner · 30 June 2026Klarna joined Open Standard as a founding partner to support open stablecoin infrastructure.
• AffirmcoreStrategic or Co-development Partner · 30 June 2026Affirm joined Open Standard as a founding partner to support open stablecoin infrastructure.
• RampcoreStrategic or Co-development Partner · 30 June 2026Ramp joined Open Standard as a founding partner to support open stablecoin infrastructure.
• BrexcoreStrategic or Co-development Partner · 30 June 2026Brex joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Checkout.comcoreStrategic or Co-development Partner · 30 June 2026Checkout.com joined Open Standard as a founding partner to support open stablecoin infrastructure.
• WEXcoreStrategic or Co-development Partner · 30 June 2026WEX joined Open Standard as a founding partner to support open stablecoin infrastructure.
• PayPay CorporationcoreStrategic or Co-development Partner · 30 June 2026PayPay Corporation joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Western UnioncoreStrategic or Co-development Partner · 30 June 2026Western Union joined Open Standard as a founding partner to support open stablecoin infrastructure.
• NuveicoreStrategic or Co-development Partner · 30 June 2026Nuvei joined Open Standard as a founding partner to support open stablecoin infrastructure.
• RemitlycoreStrategic or Co-development Partner · 30 June 2026Remitly joined Open Standard as a founding partner to support open stablecoin infrastructure.
• RiacoreStrategic or Co-development Partner · 30 June 2026Ria joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MarqetacoreStrategic or Co-development Partner · 30 June 2026Marqeta joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MoneyGramcoreStrategic or Co-development Partner · 30 June 2026MoneyGram joined Open Standard as a founding partner to support open stablecoin infrastructure.
• NiumcoreStrategic or Co-development Partner · 30 June 2026Nium joined Open Standard as a founding partner to support open stablecoin infrastructure.
• WorldlinecoreStrategic or Co-development Partner · 30 June 2026Worldline joined Open Standard as a founding partner to support open stablecoin infrastructure.
• GalileocoreStrategic or Co-development Partner · 30 June 2026Galileo joined Open Standard as a founding partner to support open stablecoin infrastructure.
• HighnotecoreStrategic or Co-development Partner · 30 June 2026Highnote joined Open Standard as a founding partner to support open stablecoin infrastructure.
• i2CcoreStrategic or Co-development Partner · 30 June 2026i2C joined Open Standard as a founding partner to support open stablecoin infrastructure.
• LithiccoreStrategic or Co-development Partner · 30 June 2026Lithic joined Open Standard as a founding partner to support open stablecoin infrastructure.
• ThreddcoreStrategic or Co-development Partner · 30 June 2026Thredd joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Episode SixcoreStrategic or Co-development Partner · 30 June 2026Episode Six joined Open Standard as a founding partner to support open stablecoin infrastructure.
• VerituitycoreStrategic or Co-development Partner · 30 June 2026Verituity joined Open Standard as a founding partner to support open stablecoin infrastructure.
• FélixcoreStrategic or Co-development Partner · 30 June 2026Félix joined Open Standard finding the approach toward stablecoin infrastructure that is more open, interoperable, and built for practical use cases like remittances compelling. Manuel Godoy, CEO and Co-founder, represents Félix's involvement.
• Taptap SendcoreStrategic or Co-development Partner · 30 June 2026Taptap Send joined Open Standard as a founding partner to support open stablecoin infrastructure.
• CAL (Israel Credit Cards)coreStrategic or Co-development Partner · 30 June 2026CAL (Israel Credit Cards) joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Standard CharteredcoreStrategic or Co-development Partner · 30 June 2026Standard Chartered joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Commonwealth Bank of AustraliacoreStrategic or Co-development Partner · 30 June 2026Commonwealth Bank of Australia joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Sumitomo Mitsui Financial GroupcoreStrategic or Co-development Partner · 30 June 2026Sumitomo Mitsui Financial Group joined Open Standard as a founding partner to support open stablecoin infrastructure.
• U.S. BankcoreStrategic or Co-development Partner · 30 June 2026U.S. Bank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Mizuho Financial GroupcoreStrategic or Co-development Partner · 30 June 2026Mizuho Financial Group joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Shinhan Financial GroupcoreStrategic or Co-development Partner · 30 June 2026Shinhan Financial Group joined Open Standard as a founding partner to support open stablecoin infrastructure.
• WestpaccoreStrategic or Co-development Partner · 30 June 2026Westpac joined Open Standard as a founding partner to support open stablecoin infrastructure.
• ItaúcoreStrategic or Co-development Partner · 30 June 2026Itaú joined Open Standard as a founding partner to support open stablecoin infrastructure.
• OCBCcoreStrategic or Co-development Partner · 30 June 2026OCBC joined Open Standard as a founding partner to support open stablecoin infrastructure.
• ANZcoreStrategic or Co-development Partner · 30 June 2026ANZ joined Open Standard as a founding partner to support open stablecoin infrastructure.
• UOBcoreStrategic or Co-development Partner · 30 June 2026UOB joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Banco BradescocoreStrategic or Co-development Partner · 30 June 2026Banco Bradesco joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Huntington BankcoreStrategic or Co-development Partner · 30 June 2026Huntington Bank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Citizens BankcoreStrategic or Co-development Partner · 30 June 2026Citizens Bank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• KB Kookmin CardcoreStrategic or Co-development Partner · 30 June 2026KB Kookmin Card joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Emirates NBDcoreStrategic or Co-development Partner · 30 June 2026Emirates NBD joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Hanwha LifecoreStrategic or Co-development Partner · 30 June 2026Hanwha Life joined Open Standard as a founding partner to support open stablecoin infrastructure.
• BanortecoreStrategic or Co-development Partner · 30 June 2026Banorte joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Bank HapoalimcoreStrategic or Co-development Partner · 30 June 2026Bank Hapoalim joined Open Standard as a founding partner to support open stablecoin infrastructure.
• FNB South AfricacoreStrategic or Co-development Partner · 30 June 2026FNB South Africa joined Open Standard as a founding partner to support open stablecoin infrastructure.
• K BankcoreStrategic or Co-development Partner · 30 June 2026K Bank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• SoFicoreStrategic or Co-development Partner · 30 June 2026SoFi joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Woori CardcoreStrategic or Co-development Partner · 30 June 2026Woori Card joined Open Standard as a founding partner to support open stablecoin infrastructure.
• AbsacoreStrategic or Co-development Partner · 30 June 2026Absa joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Kakao BankcoreStrategic or Co-development Partner · 30 June 2026Kakao Bank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Samsung CardcoreStrategic or Co-development Partner · 30 June 2026Samsung Card joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Bank LeumicoreStrategic or Co-development Partner · 30 June 2026Bank Leumi joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Wenia by Grupo CibestcoreStrategic or Co-development Partner · 30 June 2026Wenia by Grupo Cibest joined Open Standard as a founding partner to support open stablecoin infrastructure.
• NedbankcoreStrategic or Co-development Partner · 30 June 2026Nedbank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• IsbankcoreStrategic or Co-development Partner · 30 June 2026Isbank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Abu Dhabi Islamic Bank ADIBcoreStrategic or Co-development Partner · 30 June 2026Abu Dhabi Islamic Bank ADIB joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Banco de Crédito del PerúcoreStrategic or Co-development Partner · 30 June 2026Banco de Crédito del Perú joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MashreqcoreStrategic or Co-development Partner · 30 June 2026Mashreq joined Open Standard as a founding partner to support open stablecoin infrastructure.
• RAK BankcoreStrategic or Co-development Partner · 30 June 2026RAK Bank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Hana CardcoreStrategic or Co-development Partner · 30 June 2026Hana Card joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Hyundai CardcoreStrategic or Co-development Partner · 30 June 2026Hyundai Card joined Open Standard as a founding partner to support open stablecoin infrastructure.
• BCcardcoreStrategic or Co-development Partner · 30 June 2026BCcard joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Cross RivercoreStrategic or Co-development Partner · 30 June 2026Cross River joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Grupo AvalcoreStrategic or Co-development Partner · 30 June 2026Grupo Aval joined Open Standard as a founding partner to support open stablecoin infrastructure.
• DaviviendacoreStrategic or Co-development Partner · 30 June 2026Davivienda joined Open Standard as a founding partner to support open stablecoin infrastructure.
• The BancorpcoreStrategic or Co-development Partner · 30 June 2026The Bancorp joined Open Standard as a founding partner to support open stablecoin infrastructure.
• PathwardcoreStrategic or Co-development Partner · 30 June 2026Pathward joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Banca TransilvaniacoreStrategic or Co-development Partner · 30 June 2026Banca Transilvania joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Nonghyup CardcoreStrategic or Co-development Partner · 30 June 2026Nonghyup Card joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Neo FinancialcoreStrategic or Co-development Partner · 30 June 2026Neo Financial joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Maya PhilippinescoreStrategic or Co-development Partner · 30 June 2026Maya Philippines joined Open Standard as a founding partner to support open stablecoin infrastructure.
• NetbankcoreStrategic or Co-development Partner · 30 June 2026Netbank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Freedom Bank KazakhstancoreStrategic or Co-development Partner · 30 June 2026Freedom Bank Kazakhstan joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Lead BankcoreStrategic or Co-development Partner · 30 June 2026Lead Bank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• KapitalcoreStrategic or Co-development Partner · 30 June 2026Kapital joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MAXcoreStrategic or Co-development Partner · 30 June 2026MAX joined Open Standard as a founding partner to support open stablecoin infrastructure.
• GooglecoreStrategic or Co-development Partner · 30 June 2026Google joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Samsung ElectronicscoreStrategic or Co-development Partner · 30 June 2026Samsung Electronics joined Open Standard as a founding partner to support open stablecoin infrastructure.
• IBMcoreStrategic or Co-development Partner · 30 June 2026IBM joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Mercado LibrecoreStrategic or Co-development Partner · 30 June 2026Mercado Libre joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Mercado PagocoreStrategic or Co-development Partner · 30 June 2026Mercado Pago joined Open Standard as a founding partner to support open stablecoin infrastructure.
• InfosyscoreStrategic or Co-development Partner · 30 June 2026Infosys joined Open Standard as a founding partner to support open stablecoin infrastructure.
• DoorDashcoreStrategic or Co-development Partner · 30 June 2026DoorDash joined Open Standard as a founding partner to support open stablecoin infrastructure.
• WixcoreStrategic or Co-development Partner · 30 June 2026Wix joined Open Standard as a founding partner to support open stablecoin infrastructure.
• GrabcoreStrategic or Co-development Partner · 30 June 2026Grab joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Rakuten GroupcoreStrategic or Co-development Partner · 30 June 2026Rakuten Group joined Open Standard as a founding partner to support open stablecoin infrastructure.
• AavecoreStrategic or Co-development Partner · 30 June 2026Aave joined Open Standard as a founding partner to support open stablecoin infrastructure.
• eTorocoreStrategic or Co-development Partner · 30 June 2026eToro joined Open Standard as a founding partner to support open stablecoin infrastructure.
• GalaxycoreStrategic or Co-development Partner · 30 June 2026Galaxy joined Open Standard as a founding partner to support open stablecoin infrastructure.
• DunamucoreStrategic or Co-development Partner · 30 June 2026Dunamu joined Open Standard as a founding partner to support open stablecoin infrastructure.
• LedgercoreStrategic or Co-development Partner · 30 June 2026Ledger joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MoonPaycoreStrategic or Co-development Partner · 30 June 2026MoonPay joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Digital AssetcoreStrategic or Co-development Partner · 30 June 2026Digital Asset joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Trust WalletcoreStrategic or Co-development Partner · 30 June 2026Trust Wallet joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MeowcoreStrategic or Co-development Partner · 30 June 2026Meow joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MorphocoreStrategic or Co-development Partner · 30 June 2026Morpho joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Ether.FicoreStrategic or Co-development Partner · 30 June 2026Ether.Fi joined Open Standard as a founding partner to support open stablecoin infrastructure.
• LightsparkcoreStrategic or Co-development Partner · 30 June 2026Lightspark joined Open Standard as a founding partner to support open stablecoin infrastructure.
• zerohashcoreStrategic or Co-development Partner · 30 June 2026zerohash joined Open Standard as a founding partner to support open stablecoin infrastructure.
• BitsocoreStrategic or Co-development Partner · 30 June 2026Bitso joined Open Standard as a founding partner to support open stablecoin infrastructure.
• BridgecoreStrategic or Co-development Partner · 30 June 2026Bridge joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Rain.xyzcoreStrategic or Co-development Partner · 30 June 2026Rain.xyz joined Open Standard as a founding partner to support open stablecoin infrastructure.
• BVNKcoreStrategic or Co-development Partner · 30 June 2026BVNK joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MeshcoreStrategic or Co-development Partner · 30 June 2026Mesh joined Open Standard as a founding partner to support open stablecoin infrastructure.
• PrivycoreStrategic or Co-development Partner · 30 June 2026Privy joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Bitget WalletcoreStrategic or Co-development Partner · 30 June 2026Bitget Wallet joined Open Standard as a founding partner to support open stablecoin infrastructure.
• StraitsXcoreStrategic or Co-development Partner · 30 June 2026StraitsX joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Yellow CardcoreStrategic or Co-development Partner · 30 June 2026Yellow Card joined Open Standard as a founding partner to support open stablecoin infrastructure.
• ReapcoreStrategic or Co-development Partner · 30 June 2026Reap joined Open Standard as a founding partner to support open stablecoin infrastructure.
• BralecoreStrategic or Co-development Partner · 30 June 2026Brale joined Open Standard as a founding partner to support open stablecoin infrastructure.
• RedotPaycoreStrategic or Co-development Partner · 30 June 2026RedotPay joined Open Standard as a founding partner to support open stablecoin infrastructure.
• ImmersvecoreStrategic or Co-development Partner · 30 June 2026Immersve joined Open Standard as a founding partner to support open stablecoin infrastructure.
• StellarcoreStrategic or Co-development Partner · 30 June 2026Stellar joined Open Standard as a founding partner to support open stablecoin infrastructure.
• PolygoncoreStrategic or Co-development Partner · 30 June 2026Polygon joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Aptos LabscoreStrategic or Co-development Partner · 30 June 2026Aptos Labs joined Open Standard as a founding partner to support open stablecoin infrastructure.
• PlasmacoreStrategic or Co-development Partner · 30 June 2026Plasma joined Open Standard as a founding partner to support open stablecoin infrastructure.
• KASTcoreStrategic or Co-development Partner · 30 June 2026KAST joined Open Standard as a founding partner to support open stablecoin infrastructure.
• BlossomcoreStrategic or Co-development Partner · 30 June 2026Blossom joined Open Standard as a founding partner to support open stablecoin infrastructure.
• LemoncoreStrategic or Co-development Partner · 30 June 2026Lemon joined Open Standard as a founding partner to support open stablecoin infrastructure.
• SolanacoreStrategic or Co-development Partner · 30 June 2026Solana joined Open Standard as a founding partner to support open stablecoin infrastructure.
• BasecoreStrategic or Co-development Partner · 30 June 2026Base joined Open Standard as a founding partner to support open stablecoin infrastructure.
• SuicoreStrategic or Co-development Partner · 30 June 2026Sui joined Open Standard as a founding partner to support open stablecoin infrastructure.
• OKXcoreStrategic or Co-development Partner · 30 June 2026OKX joined Open Standard as a founding partner to support open stablecoin infrastructure.
• RipplecoreStrategic or Co-development Partner · 30 June 2026Ripple joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Crypto.comcoreStrategic or Co-development Partner · 30 June 2026Crypto.com joined Open Standard as a founding partner to support open stablecoin infrastructure.
• GeminicoreStrategic or Co-development Partner · 30 June 2026Gemini joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MetaMaskcoreStrategic or Co-development Partner · 30 June 2026MetaMask joined Open Standard as a founding partner to support open stablecoin infrastructure.
• DBS Bank Ltd.coreStrategic or Co-development Partner · 30 June 2026DBS Bank Ltd. joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Intercontinental ExchangecoreStrategic or Co-development Partner · 30 June 2026Intercontinental Exchange joined Open Standard as a founding partner to support open stablecoin infrastructure.
• National Australia BankcoreStrategic or Co-development Partner · 30 June 2026National Australia Bank joined Open Standard as a founding partner to support open stablecoin infrastructure.
• OnePaycoreStrategic or Co-development Partner · 30 June 2026OnePay joined Open Standard as a founding partner to support open stablecoin infrastructure.
• TempocoreStrategic or Co-development Partner · 30 June 2026Tempo joined Open Standard as a founding partner to support open stablecoin infrastructure.
• ThunescoreStrategic or Co-development Partner · 30 June 2026Thunes joined Open Standard as a founding partner to support open stablecoin infrastructure.
• UtilacoreStrategic or Co-development Partner · 30 June 2026Utila joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Stable SeacoreStrategic or Co-development Partner · 30 June 2026Stable Sea joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Paga GroupcoreStrategic or Co-development Partner · 30 June 2026Paga Group joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Peoples GroupcoreStrategic or Co-development Partner · 30 June 2026Peoples Group joined Open Standard as a founding partner to support open stablecoin infrastructure.
• OnQfriqcoreStrategic or Co-development Partner · 30 June 2026OnQfriq joined Open Standard as a founding partner to support open stablecoin infrastructure.
• ADI FoundationcoreStrategic or Co-development Partner · 30 June 2026ADI Foundation joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Clear StreetcoreStrategic or Co-development Partner · 30 June 2026Clear Street joined Open Standard as a founding partner to support open stablecoin infrastructure.
• InfiniacoreStrategic or Co-development Partner · 30 June 2026Infinia joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MeanwhilecoreStrategic or Co-development Partner · 30 June 2026Meanwhile joined Open Standard as a founding partner to support open stablecoin infrastructure.
• MS PaycoreStrategic or Co-development Partner · 30 June 2026MS Pay joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Rain.comcoreStrategic or Co-development Partner · 30 June 2026Rain.com joined Open Standard as a founding partner to support open stablecoin infrastructure.
• ReamplifycoreStrategic or Co-development Partner · 30 June 2026Reamplify joined Open Standard as a founding partner to support open stablecoin infrastructure.
• Request FinancecoreStrategic or Co-development Partner · 30 June 2026Request Finance joined Open Standard as a founding partner to support open stablecoin infrastructure.
• RhocoreStrategic or Co-development Partner · 30 June 2026Rho joined Open Standard as a founding partner to support open stablecoin infrastructure.
• RisecoreStrategic or Co-development Partner · 30 June 2026Rise joined Open Standard as a founding partner to support open stablecoin infrastructure.
• JeevescoreStrategic or Co-development Partner · 30 June 2026Jeeves joined Open Standard as a founding partner to support open stablecoin infrastructure.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• PayPal: Issuer of PYUSD, a regulated US-dollar stablecoin distributed through PayPal and Venmo's consumer base. PayPal represents a broad incumbent using its own closed-loop distribution rather than a consortium model.
• Stripe: Global payments platform that has named Open USD as its default stablecoin and is also exploring its own stablecoin rails (e.g., Bridge acquisition). Comparable as a payments-distribution incumbent now anchored to Open USD.
• Coinbase: Largest US crypto exchange and an Open Standard founding partner, with its own stablecoin ambitions and custody/rails business. Functions as both a distribution channel and a potential competing stablecoin issuer.

Emerging players

• Frax Finance: Issuer of frxUSD and a hybrid algorithmic-fiat-backed stablecoin suite with DeFi-native distribution. Comparable as a stablecoin protocol targeting DeFi liquidity and yield-bearing variants competing with Open USD's reserve-sharing model.
• First Digital Labs: Issuer of FDUSD, a regulated stablecoin with growing exchange and APAC distribution. Comparable as a fiat-backed stablecoin issuer pursuing institutional and exchange-grade liquidity.

Direct peers

• Sky (formerly MakerDAO): Issuer of DAI/USDS, a major decentralized stablecoin with billions in circulation. While governance is decentralized rather than consortium-led, Sky competes for the same DeFi and on-chain payments use cases Open USD targets.
• Ripple: Issuer of RLUSD, a US-regulated enterprise stablecoin, and operator of the XRP Ledger payments network. Ripple is also listed as an Open Standard partner, making it both a competitor and collaborator in the institutional stablecoin market.
• Circle: Issuer of USDC, the largest regulated fiat-backed stablecoin and the most direct competitor to Open USD. Circle shares Open Standard's positioning around US-regulated reserves, institutional adoption, and a multi-chain distribution model.
• Tether: Issuer of USDT, the highest-volume fiat-backed stablecoin by circulating supply. Tether competes head-to-head with Open USD for trading-pair liquidity, exchange listings, and emerging-market remittance use cases.
• Paxos: Regulated blockchain infrastructure firm issuing USDP and serving as issuer/partner for PayPal's PYUSD and other enterprise stablecoins. Directly comparable to Open Standard as a regulated, enterprise-focused stablecoin issuer.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Open Standard