Open Standard receives over $1 billion investment, Zach Abrams appointed as CEO

Coinbase, Mastercard, Shopify, Stripe, and Visa, as initial founding partners, invested in Open Standard and provided over $1 billion in startup liquidity for its stablecoin, Open USD, which targets banking, cross-border payments, settlements, and institutional trading scenarios. Zach Abrams was appointed as the CEO of Open Standard.