BlackRock and Ripple join consortium to launch revenue-sharing OUSD

The project, managed by the Open Standard organization, aims to resolve common institutional grievances regarding current stablecoin offerings, specifically high transaction costs and the lack of yield participation. Under the proposed framework, participating firms will be able to mint and redeem tokens without volume caps or fees, with reserve income shared among members after accounting for minor administrative costs.

Governance will be managed through a joint board featuring representatives from the partner companies, ensuring that policy and development decisions remain decentralized. The stablecoin is scheduled to debut later this year on the Solana and Tempo blockchains, with Solana already confirming day-one support. Samara Cohen, BlackRock’s Global Head of Market Development, characterized the project as a move toward providing businesses with more practical options for accessing tokenized value.

This launch arrives as the institutional crypto landscape shifts toward deeper infrastructure integration. Ripple and Coinbase recently collaborated on an AI-driven payment system with Mastercard, while Ripple continues to build lending protocols for real-world assets on the XRP Ledger. For Coinbase Chief Business Officer Shan Aggarwal, the OUSD initiative represents a critical bridge between traditional payment systems and the efficiency of blockchain-native rails.