Simon Taylor: 140 companies collaborate to share stablecoin OpenUSD

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140 companies support OpenUSD stablecoin

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Daria Chernytska

02.07.2026

Simon Taylor: 140 companies collaborate to share stablecoin OpenUSD — 140 companies support OpenUSD stablecoin

Simon Taylor, co-founder at 11:FS, highlights that 140 companies have agreed to share and support a new stablecoin called OpenUSD. He describes OpenUSD as a collective effort to capture the trillions of dollars not yet brought onchain.

Taylor notes that none of the companies own the coin, emphasizing its shared and open nature.

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Taylor has previously reported on banks exploring shared infrastructure. He noted that JPMorgan, Citi, Bank of America and Wells Fargo plan a shared blockchain for deposits by 2027. In another development, he confirmed a $38 billion settlement between Visa, Mastercard and 12 million merchants over swipe fees.

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