most stablecoins are one company's IOU.
𝗢𝗽𝗲𝗻 𝗨𝗦𝗗 just launched with 140 of them behind it.
the partner list is the whole story:
→ 𝟭𝟰𝟬+ founding partners signed on at launch
→ Visa, Mastercard, Stripe and American Express on board
→ BlackRock, BNY and Google Cloud too
→ native issuance on $SOL from day one
→ zero fees to mint or redeem, no volume caps
→ reserve yield shared across the network, not pocketed by one issuer
→ led by Zach Abrams, the Bridge founder Stripe bought in 2024
one issuer holds the float today.
𝗢𝗽𝗲𝗻 𝗨𝗦𝗗 spreads it across the whole network.
𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗴𝗶𝗮𝗻𝘁𝘀 𝗱𝗼𝗻'𝘁 𝘀𝗶𝗴𝗻 𝘂𝗽 𝗳𝗼𝗿 𝗲𝘅𝗽𝗲𝗿𝗶𝗺𝗲𝗻𝘁𝘀.
not fully live yet. but a launch bench like this doesn't show up often. 👀
#OPENUSD #StablecoinRatings
𝗢𝗽𝗲𝗻 𝗨𝗦𝗗 just launched with 140 of them behind it.
the partner list is the whole story:
→ 𝟭𝟰𝟬+ founding partners signed on at launch
→ Visa, Mastercard, Stripe and American Express on board
→ BlackRock, BNY and Google Cloud too
→ native issuance on $SOL from day one
→ zero fees to mint or redeem, no volume caps
→ reserve yield shared across the network, not pocketed by one issuer
→ led by Zach Abrams, the Bridge founder Stripe bought in 2024
one issuer holds the float today.
𝗢𝗽𝗲𝗻 𝗨𝗦𝗗 spreads it across the whole network.
𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗴𝗶𝗮𝗻𝘁𝘀 𝗱𝗼𝗻'𝘁 𝘀𝗶𝗴𝗻 𝘂𝗽 𝗳𝗼𝗿 𝗲𝘅𝗽𝗲𝗿𝗶𝗺𝗲𝗻𝘁𝘀.
not fully live yet. but a launch bench like this doesn't show up often. 👀
#OPENUSD #StablecoinRatings