Crypto

Ethereum Secures Institutional Stablecoin with Over 140 Company Backing

Guavy AI Editorial Team Published July 30, 2026

Instruments

ETH USDT USDC LUSD

Open USD (OUSD), a new institutional-focused stablecoin, is set to launch on Ethereum. The stablecoin is backed by a consortium of over 140 companies, including Visa, Mastercard, Stripe, BlackRock, and BNY. This move strengthens Ethereum's position as the leading blockchain for institutional finance.

The consortium behind Open USD aims to differentiate itself from established stablecoins like USDT and USDC by distributing earnings generated from reserve assets to ecosystem partners instead of concentrating those revenues with the issuer. Businesses will be able to mint and redeem OUSD without fees or artificial volume limits.

According to Tom Lee, co-founder of Fundstrat, Open USD choosing Ethereum is 'validation that after 11 years one blockchain reigns supreme for the future of finance.' This move has analysts describing Open USD as a potential challenger to incumbent issuers, including Ripple's RLUSD.

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