Open Standard has unveiled Open USD (OUSD), a new stablecoin built for the internet economy and backed by more than 140 partners, including Visa, Stripe, Mastercard, BlackRock, Google, and Coinbase. The project is designed around three core principles: scale, shared economics, and collaborative governance. Businesses will be able to mint and redeem Open USD at no cost, while partners receive the majority of reserve earnings, minus a small management fee. Open Standard says Open USD is being built as an open, low-cost, and high-throughput stablecoin for global money movement. The stablecoin will be governed by an independent company with a board made up of partners, rather than a single issuer. Open USD is set to go live later this year, with Open Standard inviting businesses that want to build on the network to get in touch.