For the first time, it looks like we may finally have a stablecoin designed around the wellbeing of the broader ecosystem. Open USD has a massive list of partner companies, but the more important parts are: - No minting and redemption cost: Today, many stablecoin issuers make redemption difficult or expensive, which discourages users from exiting. Open USD can help change that. - Partners get the revenue: If you build a product that supports Open USD, you get to participate in the economics. This is going to give a huge boost to the developer ecosystem. It’s a novel idea! - Board governed by partners: This reduces the risk of one company or one person deciding the fate of an entire sector. Stablecoins are becoming core internet infrastructure. The whole industry should back initiatives that make this infrastructure more open, fair and ecosystem driven. Glad to see an initiative like Open USD 💪 Some notable names of the many that are part of Open USD: Payments: Visa, Mastercard, Stripe, American Express Tech and commerce: Google, Samsung, IBM, Shopify Crypto: Coinbase, Solana, Ripple, OKX, Bybit, MetaMask, Aave Finance: BlackRock, BNY, Standard Chartered, DBS, Emirates NBD Consumer fintech: Chime, Klarna, Affirm, Ramp, Brex https://joinopenstandard.com/blog/introducing-open-usd(Nischal Shetty)