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New digital currency Open USD launches with $1 billion backing

A new digital currency called Open USD has launched with over $1 billion in funding from major companies like Visa, Mastercard, Stripe, Coinbase, and Shopify. These five firms are founding partners, each owning an equal share in Open Standard, the venture behind the currency. Open USD aims to be used for everyday transactions, unlike other stablecoins, and charges no transaction fees.

By BriefTea Editorial · 1 October 2026 at 15:39

Reported by blockonomi.com · How we write briefs

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