Open Standard Updates Corporate Structure, Zach Abrams Assumes Full-Time Role as CEO

Odaily reports that Coinbase, Mastercard, Shopify, Stripe, and Visa will invest in Open Standard as initial founding partners and provide over $1 billion in near-term launch liquidity for its stablecoin Open USD. Open USD is designed for banking, cross-border payments, settlement, and institutional trading scenarios; Zach Abrams will serve as full-time CEO of Open Standard.