Open Standard launches equity-sharing stablecoin to rival Tether and Circle

A new stablecoin issuer called Open Standard has entered the market with a model designed to compete with industry giants Tether and Circle. The company is introducing a stablecoin called Open USD, which takes a distinct approach to growth and distribution. CEO Zach Abrams stated that the overwhelming majority of Open Standard's equity will be distributed to partners over time. The equity allocation will be tied directly to how much each partner contributes to growing the stablecoin's adoption. This incentive-driven structure sets Open Standard apart from the fixed ownership models of its major competitors.
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