OUSD Stablecoin Launch | Open Standard vs Circle 2026

Open Standard, led by Zach Abrams, launched Open USD (OUSD) on June 30, 2026, backed by a 140-firm consortium of Visa, Mastercard, Stripe, Coinbase, Google, and BlackRock. The zero-fee, yield-sharing model sent Circle stock down 17.5% as Wall Street repriced stablecoin issuer margins.