Open Standard Launches OUSD Stablecoin With 149 Global Participants Including Samsung, Google on June 30

According to Open Standard's website announcement on June 30, a new stablecoin called OUSD was introduced with participation from 149 global companies, including payments firms Visa and Mastercard, financial institutions BlackRock and Standard Chartered, tech companies Samsung, Google, and IBM, as well as digital asset platforms Coinbase, OKX, Crypto.com, Ripple, and Dunamu. OUSD differentiates itself through free minting and redemption, shared revenue from reserve assets among participants, and governance led by participating companies rather than a single issuer.

Circle CEO Jeremy Allaire responded on X on June 30, emphasizing USDC's regulatory framework and institutional network while questioning whether OUSD's free issuance model is sustainable given stablecoins' core competitive advantages in liquidity, regulatory infrastructure, and developer ecosystems. Tether CEO Paolo Ardoino posted "Welcome OUSD. Player 2 has entered the game," signaling acceptance of new competition. Circle's stock price initially dropped from around 80 dollars to 60 dollars following the announcement before partially recovering to 64.62 dollars by July 6. Several participating companies, including Kakao Bank and Dunamu, clarified that their involvement remains at the intention stage with no finalized launch timelines or business details disclosed.