stable coins
By Pankaj K
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Visa, Stripe, Coinbase — Why This Lineup Matters. Getting Visa and Stripe in the same room on a crypto project is not nothing.
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What Open Standard Is Actually Promising. Open Standard hasn't disclosed a specific launch date.
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Stablecoin Market Context. The stablecoin market has been getting more crowded and more serious at the same time.
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Visa and Stripe are in. So is Coinbase. The three companies have signed on to support Open USD, a new stablecoin project from a group called Open Standard, with a launch expected…
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The headline here is pretty simple: businesses that use Open USD will be able to mint and redeem the stablecoin without paying fees and without hitting volume caps. No fees.
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Getting Visa and Stripe in the same room on a crypto project is not nothing. Visa runs one of the largest card networks on the planet.
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Stablecoin projects live and die by adoption. And adoption depends on whether the rails actually exist to move money in and out quickly and cheaply.
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The fee-free minting and redemption model is probably the sharpest edge Open USD is trying to sharpen.
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It's a reasonable bet. Stablecoin adoption among businesses has been growing steadily, particularly across Asia and Latin America, where dollar-pegged digital assets have filled…
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Open Standard hasn't disclosed a specific launch date. It's coming "later this year" — that's all they've said publicly.
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See also: Chinas Open-Source AI Push Puts Crypto and Tech Investors on Edge
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What they have made clear is the core mechanic: businesses get to mint and redeem without fees and without volume restrictions.
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The involvement of Coinbase also raises an obvious question — will Open USD have any relationship to Base, Coinbase's Layer 2 network, or to USDC, the stablecoin that Coinbase…
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And it's worth being honest about what we don't know yet. No details on the reserve structure backing Open USD. No clarity on regulatory status.
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The stablecoin market has been getting more crowded and more serious at the same time. Tether and USDC still dominate by volume, but the space underneath them has been filling up…
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