Open USD (OUSD), this new stablecoin, will start running directly on Ethereum on its first day of launch. OUSD is the one we mentioned earlier, created by over 140 companies together. The lineup is impressive: Visa, Mastercard, Stripe, BlackRock, BNY, plus Coinbase, Google, and more. It’s not issued by a single company but rather a “shared stablecoin” jointly developed by these major corporations/institutions. Because so many players are involved, there’s been quite a bit of controversy. What makes it stand out is: The interest (profits) earned from its reserves is almost entirely distributed to the partners who help promote and use it. This is different from the current USDC/USDT, where most of the profits are taken by the issuers (Circle/Tether) themselves.