Open USD (OUSD) is a new stablecoin initiative from Open Standard backed by 140+ companies, including Visa, Stripe, BlackRock, Google, and Coinbase. It aims to compete with USDT and USDC by sharing reserve yield with partners, offering zero-fee minting and redemption, and using a governance model run by participants rather than a single issuer. It is expected to launch later this year, with Solana support confirmed from day one.(Lark Davis)