Wire · technology
Open USD to Launch on Ethereum With Over 140 Corporate Participants
The Open USD stablecoin will launch on the Ethereum network with the backing of over 140 major corporations including Visa, Mastercard, Stripe, BlackRock, and BNY Mellon. The stablecoin features fee-free minting and trading, shared reserve yield among partners, and joint governance by participating institutions.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a shifted payments market as major corporates back a free-to-use stablecoin on Ethereum, opening a path to institutional digital dollar payments without traditional banking fees. This creates a chance to build or integrate on an Ethereum-native dollar platform that shares reserve yields with partners.
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1 source · 31 Jul 2026
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