Executive Summary
Utila has joined Open Standard in support of Open USD, a collaboratively governed stablecoin designed for global financial activity. 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.
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.
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 Standard created Open USD (OUSD) around those specific issues. Businesses will be able to mint and redeem OUSD without fees or artificial volume limits, while partners receive the earnings generated by its reserves minus a management fee. Open Standard also operates under a collaborative governance model, with a board composed of Open USD partners.
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 Standard says Open USD will launch later in 2026.
Those characteristics determine how the stablecoin itself works economically and institutionally. Using it inside a payment business or treasury operation introduces a separate set of requirements around wallets, transaction policies, approvals and the systems through which funds are moved.
Why Utila Supports Open Standard
For banks and fintechs, supporting a stablecoin means operating it within existing payment and treasury controls, including who can move funds, under what policies, and to which counterparties.
Utila provides 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.
Solution
Utila for Banks
Digital asset & stablecoin infrastructure for financial institutions.
Open Standard approaches a different part of the same problem. Its model is designed to reduce minting and redemption costs, share reserve economics with businesses that adopt and distribute OUSD, and give partners a governance structure that is not controlled by a single issuer. 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. The wallet and control layer should allow those organizations to evaluate the asset that best fits a particular business model rather than making the infrastructure decision dependent on one stablecoin.
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 participate in the economics generated by OUSD usage.
Utila’s participation therefore gives our team direct exposure to the technical and operating model being developed around Open USD as it approaches launch. That matters to customers assessing OUSD for payment flows, settlement or treasury because their wallet infrastructure provider is participating in the same ecosystem rather than evaluating the standard only after it reaches the market.
Solution
Utila for Fintechs
Digital asset & stablecoin infrastructure for fintech companies.
It also 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 payment and treasury infrastructure with Utila
Open USD gives institutions another model to consider when selecting the assets that support their stablecoin products. Utila provides the wallet infrastructure to manage digital-asset 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.
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