Coinbase in the formation of Open Standard and the Open USD stablecoin

On June 30, 2026, Open Standard, a new independent company governed by a board of industry partners, announced Open USD, a new stablecoin for global money movement, with support from over 140 businesses including Coinbase Global, Inc. (NASDAQ: COIN).  Open USD is designed to be open, low-cost, high-throughput, broadly accessible, and built for the internet economy.

Wachtell, Lipton, Rosen & Katz served as legal advisor to Coinbase on its participation in Open Standard.