**[Open Standard Launches Stablecoin Open USD, Over 140 Institutions Including Visa, BlackRock, and Coinbase Participate]** BlockBeats News, July 1 — Open Standard announced the launch of a new stablecoin, Open USD (OUSD), aimed at facilitating global capital flows. The company revealed that over 140 enterprises have joined the ecosystem, including financial, payment, and crypto industry institutions such as Visa, Stripe, Mastercard, American Express, BlackRock, BNY, DBS, Coinbase, OKX, MetaMask, Aave, Ripple, Fireblocks, Solana, and Polygon. According to the announcement, Open USD is built on three core design principles: enabling enterprises to mint and redeem at zero cost and on a large scale; returning all reserve asset yields to partners after deducting minimal management fees; and governance by a board composed of the independent company Open Standard and its partners, rather than being controlled by a single issuer. Open Standard stated that Open USD is scheduled to officially launch later this year, with the goal of creating an open, low-cost, high-throughput stablecoin infrastructure featuring a shared economic mechanism to meet the needs of the internet economy and global enterprise-level payments. [Original Link]