Key facts
- BlackRock, Coinbase, Ripple, and Mastercard are launching the OUSD stablecoin.
- The stablecoin will offer free minting and redemption with no volume limits.
- Partners will share in the earnings generated from the stablecoin's reserves.
- A collaborative governance system will be established among the partners and Open Standard.
- The stablecoin is slated to launch on layer-1 networks including Solana.
A consortium including BlackRock, Coinbase, Ripple, and Mastercard has launched a new stablecoin, Open USD (OUSD), aiming to boost global adoption of digital tokens. Spearheaded by Open Standard, the initiative brings together over 140 businesses to address common hurdles in stablecoin usage.
OUSD is designed with three core principles: zero-cost minting and redemption with no volume limits, shared revenue from reserve earnings among partners, and collaborative governance. This model aims to provide businesses with an open, low-cost, high-throughput, and broadly accessible stablecoin aligned with their interests.
The stablecoin is expected to launch on layer-1 networks such as Solana and Tempo. The initiative follows previous collaborations among some of these firms and the launch of other global stablecoin networks.