Ripple has reaffirmed its commitment to multichain payments and institutional blockchain infrastructure by joining Open USD as a day-one integration partner.
Ripple President Monica Long said the future of payments will be built on interoperable blockchain networks rather than isolated ecosystems. She said Ripple’s focus is to strengthen the XRP Ledger (XRPL) as a leading blockchain for institutional payments while expanding the global use of RLUSD and XRP.
“The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure,” Long said. She added that Ripple wants XRPL to become a natural home for the next generation of regulated stablecoins.
Ripple Doubles Down on Interoperability
Responding to the Open USD launch, Ripple said stablecoins are reshaping global value transfers. It added that interoperability is essential for institutional-scale adoption.
The company said that joining Open USD as a launch integration partner supports its strategy to build open, multichain infrastructure. The goal is to connect institutions across the digital asset ecosystem.
Ripple has also continued to position RLUSD as a regulated stablecoin that complements XRP and XRPL rather than competing with them. The company says both assets play key roles in institutional payment solutions.
Open USD Focuses on Open Governance
The announcement came from Open Standard, which introduced Open USD as a new stablecoin for global money movement.
The project is based on three core principles:
- Free and unlimited minting and redemption.
- Reserve earnings shared with partners after management fees.
- Collaborative governance through an independent organization led by participating partners.
According to Open Standard, this model addresses common concerns with existing stablecoins. These include high issuance costs, limited access to reserve revenue, and dependence on a single issuer’s roadmap.
Open Standard CEO Zach Abrams said Open USD gives businesses an open, low-cost, high-throughput stablecoin. He said the project supports internet-scale payments while aligning with partners’ long-term interests.
More Than 140 Companies Join
Open Standard said more than 140 organizations have joined the initiative ahead of its planned launch later this year.
The participants include companies from traditional finance, payments, technology, and crypto. Among them are Visa, Stripe, Mastercard, BlackRock, BNY, Shopify, Google, Coinbase, Fireblocks, Solana, Ripple, Crypto.com, Gemini, Polygon, Stellar, Aptos Labs, MoneyGram, Western Union, and several global banks.
Executives from participating companies described Open USD as an important step toward shared, regulated payment infrastructure. They said open governance and interoperability could help speed up mainstream stablecoin adoption.
The consortium expects Open USD to launch later this year. It aims to build an open payment network for institutional and cross-border financial activity on a global scale.
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