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The Nexus
BUSINESSJul 2 · 12:13 UTCFORTUNESheryl Estrada

Why CFOs should pay attention to Open USD—the new stablecoin backed by more than 140 companies

Open Standard launched Open USD, a stablecoin backed by over 140 financial institutions and technology partners, including Visa, Mastercard, and Stripe. The stablecoin aims to create a shared infrastructure for tokenized dollars, with governance managed collectively by a board of partner organizations. Its economic model allows partners to mint and redeem tokens at no cost while sharing reserve earnings after a management fee.

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