Coinbase, Visa, and Others Join Open Standard as Founding Partners

Open Standard has announced that Coinbase, Mastercard, Shopify, Stripe, and Visa have joined as its first five founding partners. Each company has received an equal share of initial equity and committed to investing over $1 billion in the coming months to provide liquidity for OUSD. CEO Zach Abrams stated that the company is managed by its leadership, with founding partners overseeing governance. The number of partners planning to integrate OUSD has grown to over 200, including new additions like SBI Holdings and UBS.