BlackRock, Coinbase, Ripple, Mastercard, and more than a dozen financial firms have partnered to launch OUSD, a new stablecoin that distributes retained earnings to participating institutions through a shared governance model.
Summary
- BlackRock, Coinbase, Ripple, Mastercard, and other industries will launch OUSD stablecoin for revenue sharing.
- OUSD offers zero-fee minting and redemption while distributing reserve income to participating partners.
- The stablecoin will start with Solana and Tempo with shared governance led by institutional members.
Open Standard announced that OUSD is scheduled to launch later this year, introducing a stablecoin framework that allows partner institutions to create and redeem tokens without funds while sharing revenue generated from underlying reserves.
The agency said participating firms will participate in managing the network through a joint board rather than relying on a single issuer.
OUSD introduces a shared governance and revenue model
According to the Open Standard, the project is designed to address several issues that businesses face when using stablecoins. The organization said that many existing products charge high fees for large mining and redemptions, and the companies that use those stablecoins often do not receive any of the revenue generated by the assets that support them.
Under the proposed structure, Open Standard said partners will be able to create and use OUSD without transaction volume limits or transaction fees. The reserved income will be distributed among the participating organizations after deducting a small administrative fee intended to cover operational costs.
Administration will also be handled jointly. Open Standard said its board will include representatives from participating firms, allowing members to make decisions collectively on issues affecting the stablecoin rather than leaving development and policy entirely to a single provider.
The consortium includes BlackRock, Coinbase, Ripple, Mastercard and several other financial and technology companies. OUSD is expected to launch natively on layer-1 blockchains including Solana and Tempo later this year. Solana has already secured native support from day one, highlighting the stablecoin’s decentralized governance model and its zero-fee withdrawal and redemption process.
Institutional stablecoin activity continues to grow
This announcement follows other recent collaborations involving several similar companies.
As crypto.news previously reported, Ripple and Coinbase have recently sponsored Mastercard’s artificial intelligence-powered payment system, designed to use stablecoins for selling AI agents.
Ripple also continued to add institutional financial infrastructure to the XRP Ledger. As crypto.news reported, the company proposed a lending protocol that would allow financial institutions to borrow digital assets without selling their assets.
Ripple said the protocol is intended to support the lending markets for US Treasuries tokens, money market funds, stablecoins, commodities, private debt and other real assets while addressing what it sees as the missing layer of the block-based financial infrastructure.
Industry participants involved in OUSD described the program as an effective measure for institutional acceptance.
Samara Cohen, Global Head of Market Development for BlackRock, said the company believes that stablecoins can play an important role in digital markets when they are supported by a reliable infrastructure and an efficient service.
“Open USD is a positive step to give businesses more choice in how they access the value of tokens and participate in the digital rails of the Internet.”
Coinbase Chief Business Officer Shan Aggarwal said stablecoins remain one of the most important developments in payments, adding that a strong shared infrastructure can help bridge the gap between today’s payment systems and the capabilities that blockchain technology can provide.
If launched as planned, OUSD will enter the increasingly competitive institutional stablecoin market where issuers are moving beyond payments and settlements to offer state participation, tokenized asset support and revenue sharing models designed for large financial institutions.
