Ripple Joins Open USD Stablecoin Network, Expanding Rails Without an XRP Price Promise
TL;DR
Open USD is a large consortium-backed dollar stablecoin run by Open Standard, backed by Visa/Mastercard/Stripe/BlackRock and 140+ partners. Ripple joined as a day-one integration partner (not issuer), placing the XRP Ledger on one of several rails alongside RLUSD. The move signals Ripple’s strategy to diversify settlement rails and grow RLUSD, but it’s unlikely to meaningfully lift XRP’s price on its own, since the stablecoin’s earnings go to partner companies, ledger fees are tiny, and regulatory scrutiny remains a risk.
- Ripple Joins Open USD, a Stablecoin Backed by Visa, Mastercard, and BlackRock. What It Signals for XRP 24/7 Wall St.
- Circle Stock Sinks After Visa, Others Announce Rival Stablecoin Network Barron's
- Stripe and Co. Take On Circle and Tether in Stablecoins The Information
- Dozens of Major Companies Become Open USD Launch Partners Yahoo Finance
- BlackRock, Google Join Banks and Crypto Firms in Backing New Stablecoin WSJ
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