Ripple Joins 140+ Global Giants to Launch OUSD Consortium-Governed Stablecoin

According to Open Standard, Ripple and over 140 companies—including Visa, Mastercard, BlackRock, Coinbase, Google, Stripe, Shopify, BNY, Solana, Bybit, and OKX—announced the launch of Open USD (OUSD), a consortium-governed stablecoin designed for institutional payments and global settlements.

Unlike traditional stablecoins controlled by a single issuer, OUSD adopts a shared governance model where participating members collectively manage the network and distribute reserve earnings after operational costs. Ripple joins as a day-one integration partner, positioning itself to provide liquidity and enable seamless transfers across stablecoins, fiat currencies, and digital assets. The stablecoin is expected to launch later this year.