Open Standard Takes on Tether and Circle With a Different Stablecoin Model That’s “Building Money”

Open Standard is taking on major stablecoin players Tether and Circle with a different approach to the rapidly growing digital-dollar market. Instead of following the traditional stablecoin model, the company is building a system designed to create long-term value for the partners and users helping its stablecoin grow.

CEO Zach Abrams said the “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they contribute to the growth of the stablecoin.

The company believes this model could create stronger incentives for businesses, developers, and other partners to help expand the stablecoin’s adoption and ecosystem.

Open Standard’s approach comes as stablecoins continue to become an important part of the crypto and digital-payments industry, with companies looking for new ways to make digital dollars more useful, scalable, and widely adopted.

By sharing a significant portion of its equity with the partners that help build the network, Open Standard is positioning its stablecoin as more than just a digital representation of money — it aims to create an ecosystem where participants can also benefit from the growth they help generate.