Coinbase, Visa, and five other companies have become founding partners of Open Standard, committing to invest over $1 billion

Coinbase, Mastercard, Shopify, Stripe, and Visa have become the first five founding partners of Open Standard and have received equal initial equity. Five companies have committed to investing over $1 billion in the coming months to establish liquidity for OUSD. Open Standard CEO Zach Abrams expects the number of founding partners to increase to 10 to 12 and plans to establish a board of directors. At present, the number of partners planning to integrate with OUSD has increased to over 200, including SBI Holdings, UBS, and Jeeves.