Open Standard Appointed Zach Abrams as Full-Time CEO
The stablecoin initiative has secured over $1 billion in launch liquidity from major industry founding partners.
Updated on Sept. 25, 2026 in Financial Services
Live Poll
Do you believe new stablecoin models with shared partner revenue increase trust in digital finance?
Open Standard has named Zach Abrams as its full-time CEO to lead the development of the OUSD stablecoin. The initiative, supported by partners like Coinbase and Visa, plans to launch the asset later this year.
Why it matters
Abrams previously noted that stablecoin adoption has been constrained by the economics of existing issuers. The new platform aims to address these limitations by allowing businesses to mint and redeem OUSD without fees or volume limits.
The initiative has attracted over 140 participating companies and expects more than $1 billion in launch liquidity from its founding partners. This follows Stripe's 2025 acquisition of Bridge for $1.1 billion.
The players
Zach Abrams
He is the newly appointed full-time CEO of Open Standard who previously served as the company's interim CEO and held a position at Stripe.
Stripe
This global technology company builds economic infrastructure for the internet and acquired the fintech firm Bridge in 2025.
Open Standard
This entity manages the Open USD initiative to provide a stablecoin platform for businesses to mint and redeem assets without volume limits.
The details
Businesses participating in the Open USD initiative can mint and redeem OUSD without facing fees or volume restrictions. Partnering companies will also share revenue generated by the OUSD reserves after applicable fees are deducted.
Timeline
Stripe acquired Bridge in 2025.
Open Standard launched the Open USD initiative in June 2026.
Zach Abrams announced his departure from Stripe on September 25, 2026.
The OUSD stablecoin is expected to launch later this year.
Market Landscape
The appointment of a full-time CEO positions Open Standard to compete directly against existing stablecoin issuers by removing traditional fee barriers. This move highlights an industry-wide push toward integrating stablecoins into corporate treasury and payment workflows.
Businesses looking to integrate stablecoins may benefit from lower transaction costs and the removal of volume limits on minting OUSD. These changes could potentially streamline cross-border payment processes for firms participating in the initiative.
The takeaway
The move underscores the growing institutional effort to standardize stablecoin economics for commercial use. Companies should monitor how these fee-free models impact traditional payment processing expenses.
Further reading
For more on industry shifts in global payment infrastructure, visit our Financial Services section.
Source note: This article includes information reported by Coingape.
Live Poll
Do you believe new stablecoin models with shared partner revenue increase trust in digital finance?
