OpenUSD stablecoin announced by 140‑company consortium including Visa, Samsung and BlackRock

A new dollar‑pegged stablecoin called OpenUSD was unveiled by the OpenStandard consortium. More than 140 firms from payments, banking, fintech, e‑commerce and crypto sectors joined the project, among them Visa, Mastercard, Stripe, BlackRock, Coinbase, Google, IBM, Samsung Electronics, Shinhan Financial Group and Dunamu. The token is designed for corporate use, offering fee‑free issuance and redemption and sharing reserve‑interest earnings with participating partners. Governance will be shared by a board of representatives from the member companies.

OpenUSD is positioned as a challenger to existing stablecoins such as Circle’s USDC. Following the announcement, Circle’s share price fell up to 8 % in intraday trading. Analysts note that the stablecoin market, already over $300 billion, could reach $4 trillion by 2030, and the consortium’s scale may shift competition from individual issuers to large‑scale network alliances. Korean firms are joining to secure global business opportunities amid domestic regulatory uncertainty surrounding digital‑asset legislation.