The future of finance is open, collaborative, and built for the internet economy. Excited to see Open USD launch with such a strong coalition of partners. This is exactly the kind of infrastructure that will redefine global payments. Let’s go. 🚀
Today we announced Open USD together with Visa, Mastercard, Coinbase, BlackRock, BBVA, Shopify, DoorDash, and 140+ other partners.
Much like the mobile industry needed Android, financial services needs Open USD to scale stablecoin adoption.
The stablecoin space has come a long way since we started Bridge nearly 5 years ago. Total volume is now approaching that of the ACH network and nearly every major financial institution from banks to fintechs is leaning in.
But cost and governance have limited utility and put core payments use cases out of reach. Businesses need a stablecoin that's open, low-cost, high-throughput, broadly accessible, and aligned to their interests.
We'll be launching later this year.
Visit joinopenstandard[.]com to learn more and participate.