Zach Abrams, co-founder and CEO of Bridge, a stablecoin infrastructure company under Stripe, has been appointed as the interim CEO of Open Standard. This newly formed stablecoin alliance includes over 100 fintech companies, payment networks, crypto firms, and banks such as Visa, Stripe, BNY Mellon, BlackRock, Klarna, Chime, Alphabet, and Coinbase. The alliance plans to issue a USD stablecoin, Open USD, which will be integrated into their systems later this year.