Consortium including Visa, Mastercard jointly launch new global stablecoin

Evidence tier: B1 Evidence type: Independent wire report on payment-infrastructure launch Source: Reuters Published: 2026-06-30 Captured: 2026-07-15T19:30:00Z

Source summary

Reuters reports that more than 140 businesses joined Open Standard to launch Open USD, a dollar-pegged stablecoin expected to go live later in 2026. The model is designed to let businesses mint and redeem without fees or volume caps and share most reserve earnings with participating partners after a management fee.

Why it matters

Open USD changes the competitive axis from token issuance alone to distribution economics and shared governance. Its broad payment-industry coalition could pressure incumbent stablecoin economics and accelerate integration into global settlement products.

Key numbers

• Participating businesses: 140+
• Mint and redeem fee: $0 stated
• Expected go-live: Later in 2026

Topics and entities

• Industry lane: Web3 & stablecoin payments
• Entities: Open Standard / Open USD
• Web3 payments
• Cross-border payments

Evidence and credibility note

Reuters is a B1 independent wire source. Product design and launch-timing details are reported from Open Standard statements and remain forward-looking until the network is live.

Date evidence: The direct Reuters URL is dated 2026-06-30 and the Reuters mirror on Investing.com visibly showed Published 06/30/2026; the mirror's timezone was not stated, so the ISO value is normalized to noon UTC.

First-party corroboration

No directly corresponding A1 company announcement is currently linked.

Original-source traceback

Open the original Reuters report

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.