Cryptocurrency Project Backed by 140 Companies, Including Visa and BlackRock, Launched! This Giant Altcoin Was Chosen!

cryptonews.ruPublished on 2026-07-31Last updated on 2026-07-31

Abstract

A new generation stablecoin project called Open USD (OUSD), aimed at institutional investors and backed by a consortium of over 140 companies including Visa, Mastercard, Stripe, and BlackRock, is preparing for launch. Initially launching on the Ethereum platform, OUSD is positioned to simplify corporate transactions using digital dollars. The project, led by Open Standard, aims to allow businesses to issue and exchange OUSD without fees or volume limits. A notable feature is its reserve revenue-sharing model, which plans to distribute earnings from OUSD reserves to ecosystem partners after deducting operational management fees, presenting a different approach compared to some existing major stablecoin models. The launch on Ethereum is seen as significant for further solidifying the platform's leading role in institutional finance, particularly for applications involving stablecoins, real-world assets (RWA), and tokenization.

The Open USD (OUSD) project, a next-generation stablecoin aimed at institutional investors, is preparing for launch.

OpenUSD (OUSD), a stablecoin focused on institutional investors and backed by a consortium of over 140 companies including Visa, Mastercard, and BlackRock, will initially launch on the Ethereum platform.

This was announced by the independent non-profit organization Ethereum Institutional, which is focused on Ethereum adoption by institutional investors, in a statement published on its official X account.

"Visa, Mastercard, Stripe, BlackRock, BNY Mellon, and over 140 participating companies are implementing OUSD on Ethereum for the first time."

Corporate Payment Infrastructure is the Target!

According to the statement, Open USD (OUSD) is positioned as a stablecoin designed to simplify transactions in digital dollars for companies.

The Open Standard company behind this project aims to enable businesses to issue and exchange OUSD without fees or volume limits.

One notable feature of this stablecoin is its reserve revenue distribution model. The plan is to share the revenue from Open USD's reserves with partners participating in the ecosystem, after deducting operational management fees. This structure stands out as a different approach to revenue distribution compared to some existing large stablecoin models.

Finally, the launch of OUSD on the Ethereum network is of immense significance for further solidifying the platform's leading position in institutional finance. This is because Ethereum stands out as crucial infrastructure for institutional use in applications related to stablecoins, real-world assets (RWA), and tokenization.

*This is not investment advice.

end-content

Related Questions

QWhat is the name of the new stablecoin project supported by over 140 companies, and which major companies are mentioned as backers?

AThe project is called Open USD (OUSD). Major backers mentioned include Visa, Mastercard, and BlackRock.

QOn which blockchain platform will the Open USD (OUSD) stablecoin be initially launched?

AOpen USD (OUSD) will initially be launched on the Ethereum platform.

QWhat is the primary goal or target application for the Open USD (OUSD) stablecoin?

AThe primary goal of OUSD is to simplify transactions in digital dollars for companies, targeting corporate payment infrastructure.

QHow does the Open USD (OUSD) project plan to handle the revenue from its reserves, and how is this different from some existing stablecoin models?

AOUSD plans to share reserve revenue with partners within its ecosystem after deducting operational management fees. This is noted as a different approach to revenue distribution compared to some existing major stablecoin models.

QAccording to the article, why is launching OUSD on Ethereum considered significant for the platform?

ALaunching OUSD on Ethereum is considered significant for further solidifying Ethereum's leading position in institutional finance, as it is a key infrastructure for institutional use in stablecoin, real-world asset (RWA), and tokenization applications.

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