140+ Firms Back OpenUSD Launch on Ethereum

Woofun AI reports that OpenUSD (OUSD) is launching on Ethereum, backed by a consortium including Visa, Mastercard, Stripe, BlackRock, and BNY Mellon. This institution-focused stablecoin was announced by Ethereum Institutional via its official X account to serve large financial entities.

The initiative leverages the network’s smart contract capabilities and deep liquidity pools to meet strict compliance, security, and liquidity requirements.

Structurally, the project relies on support from more than 140 companies to ensure robust infrastructure for institutional-grade digital assets.

Visa and Mastercard contribute payment network expertise, while Stripe provides online payment infrastructure. BlackRock, the world’s largest asset manager, and BNY Mellon, a leading custodian bank, add credibility. This coalition aims to bridge traditional finance and decentralized finance (DeFi).

Ethereum remains the dominant platform for such assets due to its ERC-20 standards and widespread integration with wallets, exchanges, and DeFi protocols. Per Woofun AI, the network’s established developer ecosystem makes it a natural choice for enterprise use cases targeting institutional adoption.

While USDT (Tether) and USDC (Circle) dominate retail and institutional markets, OUSD differentiates itself through a consortium governance model.

However, regulatory scrutiny from regulators worldwide remains a critical variable for stablecoin issuers navigating this competitive landscape.

The launch reinforces Ethereum’s position as the leading platform for tokenized financial products. With backing from over 140 companies, OUSD signals a significant shift in how institutions approach digital assets on the blockchain.