OpenUSD Consortium Launches to Rival USDC with 140+ Backers

OpenUSD stablecoin launches via consortium of over 140 companies including Visa and Stripe to challenge USDC dominance. The token launch is scheduled for

Dipendra Singh

— 1 min read
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OpenUSD Consortium Launches to Rival USDC with 140+ Backers

Hero: A digital visualization of blockchain networks connecting payments platforms with data flows representing stablecoin issuance on Solana, Stellar, Base, and Polygon

Summary

  • OpenUSD stablecoin launches via consortium of over 140 companies including Visa and Stripe to challenge USDC dominance.
  • The token launch is scheduled for later in 2026 on Solana, Stellar, Base, and Polygon with revenue sharing to participants.
  • Circle reports continued strength with $21.5 trillion in USDC onchain volume and 63 percent market share.

More than 140 companies announced the OpenUSD stablecoin on June 30, 2026. They aim to rival USDC through a multi-issuer model. Payments giants such as Visa, Stripe, and Mastercard back the effort.

The stablecoin goes live later in 2026 on Solana, Stellar, Base, and Polygon.

The launch brings a governance structure that returns reserve income to participants. It differs from single-issuer models. Competition in the stablecoin sector keeps heating up.

Context

New entrants have pushed stablecoin competition higher. They chase market share with incentive structures borrowed from other protocols. The June 30, 2026 announcement positions OpenUSD as a direct response to existing leaders.

Open Standard formed the consortium to govern issuance across multiple chains. Backers span payments, banking, tech, and crypto firms including BlackRock and Coinbase.

Details

OpenUSD will launch under Open Standard rules. The model shares reserve income instead of concentrating it with one entity.

"OUSD governed by Open Standard consortium returning reserve income to participants."

, Open Standard (bitcoinmagazine.com)

Circle's CEO noted that USDC already shares most income with partners. The company holds a 63 percent share backed by $21.5 trillion in onchain volume per Visa Onchain Analytics.

The consortium includes Visa, Stripe, Mastercard, BlackRock, and Coinbase. Governance returns income to participants unlike the USDC structure.

Outlook

OpenUSD is expected to begin operations later in 2026 across the four specified networks. Market participants will monitor adoption metrics and distribution partnerships as the stablecoin launch progresses.

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