Coinbase Joins 140+ Companies Supporting Open USD Stablecoin Launch on Base
Coinbase Joins 140+ Companies Supporting Open USD Stablecoin Launch on Base
🪙 Coinbase backs new stablecoin
Coinbase is joining over 140 industry leaders to support Open USD (OUSD), a new stablecoin launching on Base and other chains this year.
The stablecoin is backed by major financial institutions including Visa, Stripe, Mastercard, American Express, and BlackRock. OUSD will offer zero-fee minting and redemptions for enterprises and return reserve yield to partners after management fees.
Coinbase stated the move supports their goal to bring regulated, high-quality products to customers while building stablecoin infrastructure at scale. Open USD positions itself as open infrastructure for internet-scale payments.
Open USD is coming to @Base and other leading chains this year. We're joining 140+ industry leaders to support @openstandard, as we work to bring regulated, high-quality products to our customers, and build stablecoin infrastructure at scale.
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it. joinopenstandard.com/blog/introduci…
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