Stripe and Visa were involved in launching the OUSD stabilization coin

A company called Open Standard announced that it would launch a dollar stabilization currency later this year. It states that Stripe, Visa, BlackRock and more than 140 other businesses were involved in the project. The current stable currency market is still dominated by USDT in Tether and USDC in Circle, which are not part of the union.

Most of the reserve proceeds returned to participants

According to Open Standard, one of the design priorities of ODS is to return most of the proceeds from the reserve assets to the participants, with a small deduction for management fees. The company has not yet disclosed on which block chain the stabilization currency would be deployed.

Zach Abrams, interim CEO of Open Standard, stated in his statement that OUSD is oriented towards the Internet economy and is driven by enterprises involved in its growth. Abrams is also a co-founder of the Stabilised Currency Starter Bridge. Bridge was acquired by Stripe in 2025 at $1.1 billion.

Directly face USDT and USDC double oligopoly

This new plan is directly linked to the current highly concentrated stable currency market. As of April this year, USDT accounted for about 62 per cent of the stable currency market and USDC for about 25 per cent, according to the previously published data published by Congecko.

Following the announcement, Jeremy Allaire, Chief Executive Officer of Circle, said on platform X that the industry would be welcome to continue to innovate and compete. Tether has not responded.

Business stabilization currency continues to heat up.

Over the past year, there has been a marked increase in the number of actions by enterprises to issue stable currencies. The report mentions that, following the signing of Genius Act in July 2025, the stabilization currency gained a clearer regulatory framework, with which business participation accelerated.

Since then, a number of companies have started testing or preparing their own stabilization currency. The payment company Klarna had launched KlarnausD in November 2025, and both Amazon and Wal-Mart had expressed interest in issuing stable coins.

A similar business alliance model has emerged before. In November 2024, Paxos, based in Singapore, launched USDG, supported by Global Dollar Network, with the participation of Mastercard, Robinhod and Kraken.