Executive Summary

Utila has joined Open Standard in support of Open USD, a collaboratively governed stablecoin designed for global financial activity. We support its approach to shared economics and collaborative governance because institutions deploying stablecoins at scale need both suitable settlement assets and the operational infrastructure to manage them.

Open USD (OUSD) launched on September 30, 2026. For banks, fintechs, and payment companies, the initiative introduces a different model for stablecoin economics and governance, alongside the infrastructure required to put stablecoins to work across payment and treasury operations. Institutions assessing it for payments and treasury can now evaluate available integration routes alongside the wallet policies and approval workflows needed to operate the asset.

What Is Open Standard?

Companies using stablecoins at meaningful transaction volumes have to account for factors that sit outside transaction speed or settlement times. Minting and redemption costs affect unit economics, reserve revenue typically accrues to the issuer, and changes to an issuer’s product roadmap can affect companies that have built payment products around the asset.

Open Executive Summary

Utila has joined Open Standard in support of Open USD, a collaboratively governed stablecoin designed for global financial activity. We support its approach to shared economics and partner governance because institutions deploying stablecoins at scale need suitable settlement assets and the operational infrastructure to manage them.

Open USD (OUSD) launched on September 30, 2026. This article explains its economics and available integration routes, alongside how institutions can use wallet policies and approval workflows to incorporate OUSD into payment and treasury operations.

What Is Open Standard?

Companies using stablecoins at meaningful transaction volumes have to account for factors beyond transaction speed and settlement times. Minting and redemption costs affect unit economics, reserve revenue typically accrues to the issuer, and changes to an issuer’s product roadmap can affect companies that have built payment products around the asset.

Open Standard created Open USD to address those specific issues. Businesses can mint and redeem OUSD at a 1:1 USD conversion rate without minting or redemption fees. Partners can earn rewards based on the OUSD supply and activity they generate, with opportunities to earn equity in Open Standard. Its collaborative governance model gives partners a role in shaping the initiative.

The companies participating span the financial stack, including banks such as Standard Chartered, BNY and BBVA; payment companies including Visa, Mastercard, Stripe, Adyen and Fiserv; and digital asset infrastructure providers.

Open USD launched on September 30, 2026. OUSD is issued by Bridge, a Stripe company, with reserves held at BlackRock, Lead Bank and BNY. It is native on Base, Ethereum, Solana and Tempo, with monthly reserve attestations published by Bridge.

Businesses can access OUSD through providers including Stripe, Coinbase, Mastercard-owned BVNK and the Visa Stablecoin Platform. Onboarding takes place with the selected provider, subject to its eligibility requirements and geographic availability.

Why Utila Supports Open Standard

Banks and fintechs need to operate stablecoins within existing payment and treasury controls, including who can move funds, under what policies, and to which counterparties.

We provide the wallet infrastructure through which institutions manage those operational requirements. Our customers use Utila to manage digital assets within defined policies and approval structures, while integrating wallet activity into the broader systems responsible for moving money.

Open Standard addresses the asset’s economics and governance. Its model enables fee-free minting and redemption, shares rewards with businesses that adopt and distribute OUSD, and gives partners a role in the company’s direction. Open Standard explicitly positions OUSD for financial institutions, PSPs, card issuers, fintechs and other businesses moving money.

We support Open Standard because a wider range of institutionally oriented stablecoin models gives our customers more options when designing payment and treasury products. Our wallet infrastructure enables those organizations to select assets that fit their business models while maintaining consistent operational controls.

What This Means for Utila Customers

Open Standard defines participation as adopting Open USD as a core transactional asset within a participant’s platform or service offering. Members receive access to technical documentation and integration support, alongside the opportunity to earn rewards and equity based on their distribution of OUSD.

Our participation gives our team direct exposure to Open USD’s technical and operating model. Utila natively supports Base, Ethereum, Solana and Tempo, the four blockchains where OUSD is available. Customers can use our wallet infrastructure to hold and transfer OUSD within payment and treasury workflows, applying transaction policies and approval requirements across their operations.

Adopting OUSD starts with choosing an access provider and a blockchain supported by the intended counterparties. Teams should verify the official token contract and confirm asset and network support across their wallet and payment systems.

Teams then need to define how funds will move. A payments business might fund an operating wallet through its chosen provider and require approval for transfers to settlement counterparties. A treasury team might set approval requirements for replenishing payment wallets and returning funds for redemption. Each workflow needs clear transaction permissions and records that finance can reconcile with provider activity.

We provide the wallet and control layer for these digital asset workflows, helping institutions apply transaction policies and approval requirements within their existing systems. The selected access provider handles onboarding and minting or redemption services.

This fits the way we believe institutional stablecoin infrastructure should be built. Banks and fintechs may work with multiple stablecoins, networks and counterparties as their products develop. Their governance and operational controls need to remain consistent even when the underlying asset changes.

Build Stablecoin Operations With Utila

Open USD gives institutions another model to consider when selecting the assets that support their stablecoin products. We provide the wallet infrastructure to manage these operations with the policies, approvals and controls required by financial organizations.

Talk to Utila about building stablecoin payment and treasury infrastructure for your bank, fintech or payments business.