Why Visa, Mastercard and Coinbase aren't abandoning USDC stablecoin for Open USD

# Why Visa, Mastercard and Coinbase aren't abandoning USDC stablecoin for Open USD

> Evidence tier: B1
> Evidence type: Independent digital asset media report
> Source: [CoinDesk](https://www.coindesk.com/business/2026/08/03/open-usd-rattled-circle-s-stock-but-its-key-backers-still-support-usdc)
> Published: 2026-08-04
> Captured: 2026-08-05T01:40:43.199Z

## Source summary

CoinDesk reports that Coinbase, Visa and Mastercard executives continue to support USDC and other stablecoins while also participating in Open USD. They describe a multi-stablecoin, multi-chain strategy rather than a switch away from USDC; analysts characterize many of Open USD's more than 140 partner commitments as early or non-exclusive, with launch details still pending.

## Why it matters

Payment networks appear to be competing on distribution and interoperability rather than selecting one stablecoin winner. That reduces the signal value of a partner logo and makes live integrations, liquidity and governance more important for cross-border operators; the article does not establish Open USD adoption or committed transaction volume.

## Key numbers

- **Open USD launch partners cited:** more than 140
- **USDC supply cited:** $72 billion

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: Circle / Coinbase / Visa / Mastercard / Open Standard
- Web3 payments
- Cross-border payments
- Payment infrastructure

## Evidence and credibility note

Independent analysis combining company earnings-call statements and analyst views. Partner support is not the same as exclusive commitment, launch adoption or transaction volume.

Date evidence: Automatically verified from JSON-LD datePublished: 2026-08-04T17:55:23.475Z

## First-party corroboration

No directly corresponding A1 company announcement is currently linked.

## Original-source traceback

[Open the original CoinDesk report](https://www.coindesk.com/business/2026/08/03/open-usd-rattled-circle-s-stock-but-its-key-backers-still-support-usdc)

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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.