Introducing openusdc
Today we’re announcing openusdc, a new token for global money movement.
tokens are being rapidly adopted for their speed, cost, and programmability, with transaction volume approaching that of the ACH network.1 At the same time, businesses still face significant hurdles: fees to mint and redeem most tokens are prohibitively expensive at larger volumes; companies aren’t always able to benefit from the revenues earned on the underlying reserves; and developers have little recourse if the roadmaps of third-party issuers do not meet their needs.
openusdc introduces three key design principles:
- Build for scale. Businesses can mint and redeem openusdc at no cost and with no artificial limits on volume.
- Earn by default. Partners receive all of the earnings from openusdc’s reserves, less a small management fee to cover openusdc’s operational costs.
- Govern collaboratively. openusdc will be operated by openusdc, an independent company with a board made up of openusdc’s partners, ensuring decisions are made for the collective interest, not a single entity.
Existing tokens have great strengths, but to use them at scale, businesses need something that’s open, low-cost, high-throughput, broadly accessible, and aligned to their interests. We’re thrilled to bring together over 140 businesses to launch openusdc. It’s a token built for the internet economy, designed by the businesses growing it.
Businesses across industries have signed up to use openusdc, including:
Visa, Stripe, Mastercard, American Express, Discover, Fiserv, Adyen, Cloudflare, Corpay, Jack Henry, Klarna, Affirm, Ramp, OnePay, Brex, Checkout.com, WEX, PayPay Corporation, Western Union, Nuvei, Remitly, Ria, Marqeta, MoneyGram, Nium, Worldline, Galileo, Highnote, i2C, Lithic, Thredd, Episode Six, Verituity, Félix, Taptap Send, CAL (Israel Credit Cards)
BlackRock, BNY, Standard Chartered, Commonwealth Bank of Australia, Sumitomo Mitsui Financial Group, Intercontinental Exchange, National Australia Bank, DBS, U.S. Bank, BBVA, Mizuho Financial Group, Shinhan Financial Group, Westpac, Itaú, OCBC, ANZ, UOB, Chime, Banco Bradesco, Huntington Bank, Citizens Bank, KB Kookmin Card, Emirates NBD, Hanwha Group, Banorte, Bank Hapoalim, FNB South Africa, K Bank, SoFi, Woori Card, Absa, Kakao Bank, Samsung Card, Bank Leumi, Wenia by Grupo Cibest, Nedbank, Isbank, Abu Dhabi Islamic Bank ADIB, Banco de Crédito del Perú, Mashreq, RAK Bank, Hana Card, Hyundai Card, BCcard, Cross River, Grupo Aval, Davivienda, The Bancorp, Pathward, Banca Transilvania, Nonghyup Card, Neo Financial, Maya Bank, Netbank, Freedom Bank Kazakhstan, Lead Bank, Kapital, MAX
Google, Samsung Electronics, IBM, Shopify, Mercado Libre, Mercado Pago, Infosys, DoorDash, Wix, Grab, Rakuten Group
Coinbase, Tempo, Bybit, Solana, OKX, Ripple, Crypto.com, Fireblocks, Gemini, MetaMask, Aave, eToro, Galaxy, Dunamu, Ledger, MoonPay, Anchorage Digital, Digital Asset, Trust Wallet, Meow, Morpho, Ether.Fi, Lightspark, zerohash, Bitso, Bridge, Rain, BVNK, Mesh, Privy, Bitget Wallet, StraitsX, Yellow Card, Reap, Brale, RedotPay, Immersve, Stellar, Polygon, Aptos Labs, Plasma, KAST, Blossom, Lemon
By bringing tokens to our retail and corporate clients, we are fundamentally changing how money moves—making financial transactions frictionless and available 24/7.
We believe tokens can play an important role in the evolution of digital markets when supported by trusted infrastructure and practical utility. openusdc is a constructive step toward giving businesses more choice in how they access tokenized value and participate in internet native digital rails.
A token with neutral governance and shared economics is a unique combination that has potential to unlock the next phase of digital assets growth. We anticipate that tokens alone may grow to $1.5 trillion by 2030 and we look forward to exploring ways for BNY to support openusdc.
tokens are a breakthrough technology, and realizing their potential requires a common framework for moving value across the digital economy. openusdc helps create that foundation, and Chime is proud to join industry leaders in building the next generation of money movement.
tokens are the most important thing happening in payments right now, and we’re committed to giving our customers access to the best options available – including openusdc and beyond. The more great infrastructure this industry builds together, the faster we close the gap between what payments are today and what they should be.
In building payout products for Dashers and merchants in the U.S., we’ve seen firsthand how meaningful faster, more affordable access to earnings can be. tokens give us a real path to bring that level of financial flexibility to other geographies we operate in. What sets openusdc apart is that it’s genuinely open: no single company controls it, and the partners building on it have a seat at the table. That’s the right foundation for moving money for everyone.
At Félix, we learned very early that the customer does not care what rail moves the money. They care that their family receives local currency quickly, reliably, and at a fair price. That is where tokens become useful in the real world: not as a product itself we ask people to understand, but as infrastructure that makes money movement work better behind the scenes. openusdc’s approach is interesting to us because it points in that direction, toward token infrastructure that is more open, more interoperable, and built for practical use cases like remittances.
Fireblocks already settles a meaningful share of global token volume for banks, PSPs, and the world’s largest payment networks. Joining openusdc is a natural extension of that role, and a real signal that the industry is consolidating around shared, regulated infrastructure rather than building it in silos.
The technologies that changed the world, from the internet to mobile networks, succeeded because they became shared infrastructure that anyone could build on. As tokens become a new way to move value globally, we believe the infrastructure behind them should follow the same path: open, interoperable and broadly accessible. openusdc is an effort to help build that foundation.
tokens become much more powerful for merchants when the ecosystem builds around them together. That’s what makes Shopify’s participation in openusdc compelling: we can help shape how it works for small businesses, alongside other platform leaders driving adoption. The result is a stronger foundation for more choice at checkout, more efficient money movement, and more opportunity for entrepreneurs around the world as token becomes part of everyday commerce.
Businesses need a token designed to work at global, industrial scale. And not at the scale of the 2026 economy, but of the 2040 economy, with flurries of activity we can only begin to imagine. That’s why openusdc will be the default token for businesses running on Stripe; they are the ones shaping the next 15 years of economic growth.
In payments, scale only comes with trust. As tokens evolve, the focus must shift from speed to reliability, governance, and interoperability. Visa is bringing the same discipline, risk standards, and operational rigor we apply to our global network to openusdc, helping build the trust layer that allows tokens to operate confidently within the broader financial system.
openusdc will be live later this year. If you’re interested in joining openusdc and building with openusdc, get in touch.
— The openusdc team
Footnotes
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“State of Crypto 2025: The year crypto went mainstream.” a16zcrypto.com/posts/article/state-of-crypto-report-2025/ ↩