Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
RLUSD Open USD stablecoin: Supported by 140 companies, will soon be launched on Ethereum
According to a statement issued by the Ethereum Institutional, a new institutional-level stablecoin called Open USD (OUSD) is preparing to be launched directly on the Ethereum network. The project is supported by a consortium of more than 140 companies, including global leaders in finance and technology such as Visa, MasterCard, Stripe, BlackRock and Bank of New York Mellon.
Consortium Structure and Industry Support
Open Standard, an independent governance firm, is responsible for developing and overseeing the Open USD stablecoins. Unlike the single-issuer model, Open Standard coordinates a broad consortium of businesses covering areas such as payments, banking, fintech and crypto infrastructure. Key participants include Visa, MasterCard, Stripe, BlackRock, Bank of New York Mellon, Coinbase and Western Union.
The consortium has more than 140 member organizations and aims to provide strong asset support and a decentralized governance structure for stablecoins, thus distinguishing it from the traditional model controlled by a single dominant entity.
Small Dictionary
Open Standard is a governance-focused company responsible for managing the rules, integrity and operations of the Open USD stablecoin consortium, separating control from any single issuer.
Product characteristics and differentiation
Open USD attempts to differentiate itself from mature stablecoins such as USDT and USDC through its revenue sharing model. Rather than concentrating the interest income generated by reserve assets in the hands of a single issuer, it distributes those earnings among ecosystem partners in its network.
In addition, Open USD allows companies to mint and redeem stablecoins for free without any artificial trading volume restrictions. This structure provides institutional users with greater flexibility and cost-effectiveness. Open USD aims to drive institutional adoption by allocating reserve earnings to partners and providing fee-free, unlimited casting and redemption capabilities.
Ethereum as the launch platform
chose to launch OUSD on the Ethereum network, reflecting Ethereum's stronger position in institutional finance and blockchain-based asset management. Ethereum already has the largest ecosystem of stablecoins and tokenized U.S. Treasury bonds, and its real-world asset portfolio is also expanding.
Tom Lee, co-founder of research firm Fundstrat, views the launch of Open USD on Ethereum as a signal that the network remains at the heart of the evolving landscape of institutional finance. Tom Lee pointed out: "Open USD chose Ethereum, proving that after 11 years, there is a blockchain that dominates the future of finance."
Competition among stablecoin issuers
With its innovative structure and extensive institutional support, analysts believe Open USD could become a strong competitor to existing giants such as Tether (USDT) and Circle (USDC), as well as new products such as Ripple's RLUSD. As the consortiy-led stablecoin field continues to develop, the launch of Open USD may reshape the competitive landscape for digital dollar assets in the institutional market.
