Ripple joins Open USD consortium alongside 140 industry participants globally. Shared governance removes costly minting fees for participating businesses collectively. RLUSD coexists with Ope
Ripple has joined the Open USD consortium, placing the blockchain company alongside more than 140 financial, technology, and crypto firms supporting a new stablecoin designed for institutional payments and digital asset settlement. The initiative introduces a shared governance model that aims to solve several challenges facing today’s stablecoin market.
Open USD brings together payment giants including Mastercard, Visa, American Express, and Stripe. The project also includes financial institutions such as BlackRock and BNY, alongside technology companies including Google, Shopify, and DoorDash. Crypto firms such as Coinbase, Fireblocks, and Solana have also joined the consortium.
Unlike many existing stablecoins, Open USD will not operate under the control of a single issuer. Instead, an independent organization known as Open Standard will oversee the issuance and governance of the stablecoin. Consequently, participating companies will collectively shape the network instead of relying on one organization to make key decisions. Ripple’s participation reflects the company’s continued expansion into institutional digital payments while broadening its partnerships across traditional finance and blockchain markets.
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The consortium aims to address several issues that have limited stablecoin adoption among large businesses. Many enterprises currently face high minting and redemption costs when issuing or redeeming stablecoins. Moreover, stablecoin issuers typically retain the investment income generated from reserve assets.
Open USD plans to remove those barriers by allowing participating organizations to mint and redeem the stablecoin without fees. Additionally, the earnings generated from reserve assets will be distributed among consortium members instead of remaining with a single issuer.
The governance model also separates Open USD from many existing stablecoins. Since Open Standard operates independently, no participant can introduce protocol changes without broader approval. As a result, businesses receive greater transparency and a stronger role in the network’s future development.
Besides reducing operational costs, the consortium expects the structure to improve scalability and encourage wider institutional participation across digital payments.
Ripple now joins some of the world’s largest payment providers through the Open USD initiative. Mastercard, Visa, American Express, and Stripe represent the traditional payments sector, while Google, Shopify, and DoorDash strengthen the project’s technology presence.
Meanwhile, Coinbase, Fireblocks, and Solana add blockchain infrastructure and digital asset expertise to the consortium. This combination creates a network that bridges traditional finance with the cryptocurrency industry.
For Ripple, Open USD could provide another liquidity option for cross-border settlements and decentralized finance applications. At the same time, the company’s involvement raises questions about how Open USD will complement RLUSD, Ripple’s regulated stablecoin.
RLUSD currently has a market capitalization of approximately $1.4 billion. However, Ripple’s decision to participate in Open USD indicates that the company also supports industry-wide infrastructure that operates beyond proprietary products.
Mastercard said trusted networks, broad participation, and industry collaboration remain essential for expanding stablecoin adoption. Ripple’s inclusion highlights growing cooperation between financial institutions, technology companies, and blockchain firms as they develop shared digital payment infrastructure.
Open USD introduces a consortium-based stablecoin model that emphasizes shared governance and lower operational costs. Ripple’s participation alongside leading financial, technology, and crypto companies signals increasing collaboration around institutional digital payments as the stablecoin sector continues to evolve.
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