BlackRock, Coinbase, Ripple Back OUSD Stablecoin With Shared Revenue Model

BlackRock, Coinbase, Ripple, Mastercard, and several other financial and technology companies have joined forces to support the launch of the Open Standard OUSD stablecoin, a new digital dollar initiative designed to improve stablecoin infrastructure through collaborative governance and shared reserve earnings.

According to the announcement, the OUSD stablecoin is scheduled to launch later this year under the Open Standard organization. The project aims to address long-standing challenges in the stablecoin industry, including high minting and redemption costs, limited access to reserve-generated income, and the lack of influence businesses have over the development of existing stablecoin platforms.

Open Standard said the new ecosystem is built around three core principles. The first is enabling businesses to mint and redeem OUSD without fees or artificial volume restrictions, making the stablecoin more accessible for institutional and enterprise use. The second is introducing a revenue-sharing model in which participating partners receive the income generated from the stablecoin’s underlying reserves, with only a small management fee deducted to cover operational expenses.

The third principle centers on governance. Unlike traditional stablecoin issuers, Open Standard will operate through a collaborative governance framework in which partners, including BlackRock, Coinbase, Ripple, Mastercard, and other participating firms, help oversee the network alongside the Open Standard board. The organization said this structure is intended to align decision-making with the interests of all stakeholders.

The announcement marks another step in the growing collaboration among major financial institutions seeking to expand stablecoin adoption. Earlier this month, Ripple and Coinbase also supported Mastercard’s AI-powered payment initiative that integrates stablecoin technology into digital transactions.

Industry leaders welcomed the initiative. BlackRock Global Head of Market Development Samara Cohen said stablecoins can play a significant role in the evolution of digital markets when backed by trusted infrastructure and practical use cases. She added that Open USD provides businesses with greater flexibility to access tokenized value and participate in internet-native payment networks.

Coinbase Chief Business Officer Shan Aggarwal described stablecoins as one of the most important innovations in modern payments. He said stronger industry collaboration and improved infrastructure will help accelerate the transition toward faster, more efficient global payment systems.

The OUSD stablecoin is expected to launch natively on several layer-1 blockchain networks, including Solana and Tempo. Solana has already confirmed that OUSD will be available on its network from day one, highlighting the stablecoin’s decentralized governance model and its zero-fee minting and redemption process as key advantages for users and businesses.