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Open Standard's Stablecoin, OUSD, Backed By Blackrock, Coinbase, 140+ Other Major Companies
July 01, 2026
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Open Standard, an independent entity governed by a consortium of over 140 companies announced the upcoming launch of a new dollar-pegged stablecoin called Open USD ($OUSD). Backed by a coalition of major players including Visa, Mastercard, BlackRock, Coinbase, Stripe and Google, Open USD is a direct enterprise-grade challenge to the long-standing duopoly of Tether (USDT) and Circle (USDC).

OUSD will launch natively on Solana, Stellar, Base, and Polygon simultaneously to capture fragmented liquidity and high-speed payment networks. Stripe plans to make OUSD the default stablecoin for its platform, while Coinbase will integrate it into its Base layer-2 network.

Unlike incumbents that keep reserve earnings, OUSD plans to distribute nearly all interest generated by its backing assets (cash and US Treasuries) to its partner companies after a small management fee. The stablecoin offers fee-free minting and redemption with no volume caps, incentivizing partners to drive adoption.

If all goes as planned, this is the ultimate selling point for enterprises. Instead of the issuer hoarding the interest generated by the multi-billion dollar reserve backing the stablecoin, Open Standard will distribute almost all reserve yield back to the network partners who adopt, distribute, and hold the coin (minus a nominal operational management fee). This transforms giant businesses from mere users into co-owners of the economic model.

For large corporations moving billions of dollars, the existing costs and artificial volume limits associated with creating or destroying tokens are a bottleneck. OUSD's zero-fee minting and redemption at institutional scale is another potential selling point.

Zach Abrams, the CEO of Bridge (the stablecoin infrastructure platform acquired by Stripe for $1.1 billion), is serving as the founding CEO of Open Standard. It will be controlled by a board of partner representatives rather than a single issuer, addressing enterprise concerns about counterparty dependence.

The consortium explicitly welcomes financial institutions, PSPs, card issuers, merchants, fintechs, exchanges, DeFi protocols, platforms, and marketplaces.

Tether and Circle combined control roughly 80% of the $300B+ stablecoin market. However, their business models are centralized: they collect user cash, invest it into yield-bearing assets like US Treasuries, and keep almost 100% of the interest profits for themselves.

Analysts note thar consortium-led networks like Open Standard's, are historically plagued by slow decision-making and friction when navigating fragmented global regulations. If Open Standard executes smoothly, OUSD could become the "SWIFT network" of programmable enterprise money; if not, it risks becoming an over-hyped corporate experiment.

Open USD is slated to go live later in 2026, meaning its liquidity and peg-stability are still untested.

Circle’s shares fell between 13% and 17% within hours of the announcement. Investors reacted to the realization that major partners like BlackRock and BNY (who historically support Circle's ecosystem) are now backing a direct economic competitor.

In a long X post, Circle CEO Jeremy Allaire publicly welcomed the competition but reiterated USDC's status as the most trusted asset, hinting at future enterprise-revenue-share changes. Tether CEO Paolo Ardoino wrote: "Welcome OUSD. Player 2 has entered the game." (a diss on USDC?).

Stablecoins like USDT and USDC have grown explosively because they offer fast, borderless, 24/7 dollar liquidity on blockchains.

USDT leads due to early adoption and liquidity (especially on Tron), while USDC gained traction through better transparency, regulatory compliance, and institutional trust. Both benefit from interest earned on reserves (mostly short-term U.S. Treasuries), which historically flowed mostly to the issuers.

Regulatory clarity accelerated corporate involvement. The upcoming OUSD launch aligns with the GENIUS Act, signed into law in 2025, by President Donald Trump which has opened the market for new, compliant stablecoin infrastructure.

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USSF-481: SpaceX Launches Classified Payload To Orbit For The US Space Force

A SpaceX Falcon 9 launched the classified USSF-481 mission from Space Launch Complex 4 East (SLC-4E) at Vandenberg Space Force Base in California, at 0001 UTC on Friday (Oct. 16), carrying a classified payload to a polar low-Earth orbit, for the United States Space Force. The rocket followed a southerly trajectory, reaching a low-Earth orbit inclined approximately 80 degrees to the Equator, a path necessary for polar coverage without overflying populated land.

Vandenberg SLC-4E is the only U.S. launch pad permitting southward polar departure azimuths, making it critical for national security satellites requiring global coverage.

About 8.5 minutes after launch, the first stage booster, B1081 landed on the autonomous droneship Of Course I Still Love You in the Pacific Ocean as scheduled. This recovery marked the 228th booster landing on a droneship and the 671st total Falcon booster landing. This marks the 28th flight for B1081 which has flown previous missions including Crew-7, CRS-29, PACE, Transporter-10, EarthCARE, NROL-186, Transporter-13, TRACERS, NROL-48, COSMO-SkyMed Second Generation FM3, and 16 Starlink deployments.

The USSF-481 mission cargo remains classified, but public notices identify the mission as TH-2 (Task Order 2) under the Space-Based Sensing and Targeting (SBST) contract.

USSF-481 is part of a roughly $1.6 billion Pentagon contract for 18 Falcon 9 launches through the end of 2027, supporting the Proliferated Warfighter Space Architecture (PWSA) and missile-defense initiatives.

Friday's mission wmarks the 114th Falcon 9 launch of 2026, highlighting SpaceX's high-frequency launch rate. The launch was preceded by a formal ceremony at Vandenberg, featuring the five o'clock bugle call "Retreat" and the U.S. National Anthem.

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October 16, 2026
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Roadster: Tesla Unveils Next-gen Flying Car, In Collaboration With SpaceX

In a futuristic live demonstration at SpaceX McGregor, Texas test site Thursday night, Tesla unveiled its next-generation Roadster, nearly nine years since its initial 2017 prototype reveal. Developed in collaboration with SpaceX, the electric supercar utilizes cold-gas thrusters and advanced aerodynamics to achieve unprecedented performance metrics, including a demonstrated 0-60 miles per hour(mph) time in 0.81 seconds and the ability to perform mid-air flips and vertical ramp climbs.

The Roadster features SpaceX-inspired propulsion system which has tri-motor electric drive and 4 SpaceX cold-gas rear thrusters, and uses compressed air stored in ultra-high-pressure tanks rather than chemical propellants. The vehicle employs a fan-based multi-mode suction system capable of generating up to 2G active aero downforce to maximize ground grip, allowing it to drive upside down on vertical surfaces.

The supercar automatically adjusts ground clearance and underbody airflow to glue the chassis to the track regardless of speed. Traditional tires struggle with mechanical grip under instant electrical and rocket torque.

For aerial maneuvers, the car utilizes attitude-control and main thrusters to execute rolls and controlled landings. During the live demonstration the supercar successfully drove up a multi-story ramp, flipped in mid-air, and landed on its wheels, while also achieving the 0.81-second acceleration benchmark in a live test.

"When we started redesigning the Roadster, we didn't just want to build an incremental improvement over the original concept," Chief Designer Franz von Holzhausen said during the live demonstration. "We wanted to delete the boundary between aerospace engineering and automotive design. Working directly with the SpaceX team allowed us to integrate hardware that has never existed on a street-legal vehicle before."

CEO Elon Musk said: "There will never be another car like this, if you could even call it a car. We radically increased the design goals... Combining Tesla electric powertrain technology with SpaceX rocket thrusters creates a vehicle that defies conventional physics. Achieving 0 to 60 in 0.81 seconds is incredible, but the maneuverability and active flight-assist capabilities are what really make this a true science fiction machine on the road."

Tesla Roadster will come in the following configurations and specifications.

A Performance mode with two-seater designed for road use, featuring active aerodynamics and a multi-mode suction system. It claims a 0-60 mph time of under 1.6 seconds and is available by reservation with a $50,000 deposit.

The Thrust mode is a two-seater race-ready variant that adds rear-mounted cold-gas thrusters to boost acceleration. It achieves 0-60 mph in under 0.9 seconds (demonstrated at 0.81s) and is offered as a limited release with a $250,000 deposit.

The third mode is Rocket, a single-seater "air-ready" configuration featuring perimeter-mounted thrusters for upward and rotational movement, enabling flight capabilities. It claims a 0-60 mph time of under 0.59 seconds, a top speed exceeding 230 mph, and a range of over 300 miles. Access is strictly "invite only," and it is not approved for public road use.

The next-generation Roadster prototype was initially revealed in late 2017 with base specs promising a 0–60 mph time of 1.9 seconds, a 200 kWh battery pack, and a 620-mile range.

Musk teased a "SpaceX package" featuring 10 small cold-gas thrusters, initially targeting a ~1.1-second 0–60 time. The project underwent multiple redesign cycles to integrate new powertrain components, advanced battery cell technologies, and specialized high-pressure air systems. The refined design moves from prototype concept to production engineering with 2028 release date.

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A SpaceX Dragon docked with the Harmony module’s space-facing (zenith) port of the International Space Station (ISS) on Thursday (Oct. 15), at 1427 UTC, as both spacecraft traveled 400 kilometers (km) over South Africa at 28,000 kph, delivering 2,860 kilograms of cargo including fresh food, long-term provisions, research and hardware to the orbital lab and its crew. From inside the ISS, NASA astronaut Anil Menon led the monitoring of Dragon's approach and autonomous procedures.

The Cargo Dragon C211 spacecraft launched on a Falcon 9 rocket from Cape Canaveral Space Force Station, Florida, on Tuesday (Oct. 13), on SpaceX's 35th Commercial Resupply Services (CRS) mission for NASA. After a roughly 51-hour autonomous chase, C211 caught up with the space station. Tuesday's launch produced a notable "space jellyfish" visual phenomenon as sunlight illuminated the rocket’s exhaust plume in the upper atmosphere.

C211 delivered a variety of payloads to support Expedition 75 crew and the newly arrived SpaceX Crew-13 astronauts, including the last pair of International Space Station Roll-Out Solar Arrays (iROSAs), critical for augmenting the station's power capabilities; hardware to manufacture artificial retinas in microgravity and 3D heart tissue models for drug testing; components for the Canadarm2 (including a joint for analysis), a toilet dose pump, and a robot micro-conical tool; and general Supplies like food, water, and flight support equipment for the crew.

In addition to the usual provisions carried on this mission, Dragon also brought a special suprise for Menon, who is celebrating his 50th birthday today, according to NASA's broadcast spokesperson.

Dragon will remain docked to the ISS for about one month, before a mid-November undocking from the ISS, packed with completed experiments and waste for its return to Earth. The spacecraft will perform a safe splashdown in the Pacific Ocean off the coast of California, where recovery teams will retrieve the capsule for refurbishment.

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