Summary
Open Standard is an independent company with a board made up of OUSD's partners — not a DAO or shareholder-based model. Partners receive "all of the earnings from Open USD's reserves, less a small management fee to cover operational costs." The exact percentage split is not publicly disclosed. Members include Visa, Stripe, Mastercard, BlackRock, BNY, Standard Chartered, Google, Shopify, Coinbase, Solana, and 130+ others. Korean companies (Samsung, Dunamu, Shinhan) deny official participation.
Key Points
- Governance: independent company with partner-composed board — not DAO, not single-issuer
- Revenue: "all earnings from reserves, less a small management fee" — exact % not disclosed
- Mint/redeem: no fees, no volume limits for partners
- CEO: Zach Abrams (co-founder of Bridge, acquired by Stripe)
- Key members: Visa, Stripe, Mastercard, AmEx, Discover, BlackRock, BNY, Standard Chartered, Google, Shopify, Coinbase, Solana, Ripple, MetaMask, Aave, Galaxy
- Circle and Tether NOT among partners — Circle stock dropped 8.8% on announcement
- Korean companies deny participation: Samsung Electronics, Dunamu, Shinhan Financial say they were listed without formal agreement
- BNY's Carolyn Weinberg projects stablecoin market to $1.5T by 2030
- Launch planned later in 2026