Open USD Set to Disrupt Stablecoin Revenue Distribution

HTX Ventures has released a report on the impact of Open USD (OUSD), a new stablecoin unveiled on June 30, 2026. According to the report, OUSD is poised to disrupt the current distribution of revenue in the stablecoin industry.

The report highlights three key shifts in OUSD's design:

Firstly, OUSD has transitioned from fee-based access to subsidized distribution, using reserve yields to offset costs associated with customer acquisition, liquidity, and regional compliance. This shift is expected to benefit mid-sized payment companies, regional banks, and vertical wallets.

Secondly, OUSD has moved from bilateral negotiations to network-wide revenue sharing, bringing multiple institutions into a unified framework where partners share revenue based on contribution. This change aims to promote cooperation among stakeholders in the stablecoin ecosystem.

Thirdly, OUSD has shifted from issuer governance to participant governance, giving institutions that bear business and regulatory responsibility a voice in rule-making. This move is expected to enhance the stability and security of the OUSD network.