Open Standard launches OUSD stablecoin backed by Stripe, Visa, and Mastercard
Open Standard has launched Open USD, a dollar-pegged stablecoin backed by major payment firms that shares reserve yields and network equity with its distribution partners.
Open Standard has launched Open USD (OUSD), a U.S. dollar-pegged stablecoin backed by a consortium of more than 200 financial and technology companies. Founding partners include Stripe, Visa, Mastercard, Coinbase, and Shopify, with the token running natively across Ethereum, Solana, Base, and Tempo.[1][3][5][8]
The stablecoin is issued by Bridge, the infrastructure firm Stripe acquired in 2024, with underlying reserves held at BlackRock, Lead Bank, and BNY Mellon. OUSD entered circulation following its Sept. 30 debut with 468.4 million tokens outstanding, fully backed by $468.45 million in reserve assets consisting of $257.2 million in cash and $211.2 million in Treasuries and short-duration money-market funds. Open Standard's five founders committed more than $1 billion to seed launch supply, including over $400 million in liquidity deployed across decentralized exchanges, bridges, and stablecoin swaps on Tempo.[4][5][6][8]
Positioned to compete in a market where Tether's USDT and Circle's USDC control roughly 84% of dollar stablecoin supply, Open Standard differentiates itself by sharing reserve yields with distributors and providing free 1:1 dollar minting and redemptions. Open Standard CEO Zach Abrams said an overwhelming majority of the company's equity will also be distributed to partners over time based on how much they help expand the network. Integrations are live through Stripe, Mastercard, BVNK, and the Visa Stablecoin Platform, with Coinbase access starting Oct. 1 alongside secondary market trading on Uniswap and Kraken.[2][4][5][6][7][8]
Key facts
- Open Standard launched Open USD (OUSD) natively across Ethereum, Solana, Base, and Tempo, backed by founding partners Stripe, Visa, Mastercard, Coinbase, and Shopify.
- OUSD is issued by Stripe-owned Bridge, with cash and treasury backing reserves deposited at BlackRock, Lead Bank, and BNY Mellon.
- The token debuted with 468.4 million tokens outstanding, backed by $468.45 million in assets including $257.2 million in cash and $211.2 million in Treasuries and short-duration money-market funds.
- Open Standard's five founders put up more than $1 billion to seed supply at launch, with over $400 million in liquidity deployed on Tempo.
- Unlike USDT and USDC, which represent about 84% of the dollar stablecoin market, OUSD shares reserve yields with participating partners and offers free 1:1 minting and burning.
- CEO Zach Abrams stated that an overwhelming majority of Open Standard's equity will be distributed over time to partners based on their contribution to growing the stablecoin.
- Business integration pipelines are active through Stripe, Mastercard, BVNK, and the Visa Stablecoin Platform, with Coinbase access starting Oct. 1.
Sources · 8 sources
- CO
CoinMarketCap@CoinMarketCapPost on X ·
LATEST: ⚡️ Open USD has gone live on Ethereum, Solana, Base, and Tempo, backed by Coinbase, Mastercard, Stripe, Visa, and Shopify. https://t.co/j6zSxCKwYA
Open source - CO
CoindeskArticle ·
Open USD takes on Tether, Circle with a different stablecoin model that's 'building money' The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin, CEO Zach Abrams said.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
💵 NEW: Open Standard launches its OUSD stablecoin on Ethereum, Solana, Base and Tempo, backed by founding partners Coinbase, Mastercard, Shopify, Stripe and Visa. https://t.co/RA6xJCoE25
Open source - BS
BSCN@BSCNewsPost on X ·
Open USD Launches With BlackRock And BNY Reserves Open Standard introduces Open USD ($OUSD), a premium stablecoin collateralized by cash and treasury reserves kept at @BlackRock, @BNYMellon, and Lead Bank. The token is built on the native infrastructure of @Base, @Ethereum, @Solana, and Tempo networks and allows 1:1 USD free-of-cost mint and burn functionality for corporate treasuries, remittances, and FX liquidity. Core integration pipelines are live out of the box through @Stripe,@Mastercard, @BVNK, and the @Visa Stablecoin Platform. @Coinbase will join support on October 1.
Open source - UN
UnchainedArticle ·
Open USD Stablecoin Goes Live as Stripe, Visa and Mastercard Open It to Businesses Open USD (OUSD) , the dollar stablecoin backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live on Wednesday, its operator Open Standard announced on X. Businesses can start building with OUSD through Mastercard , Stripe and the Visa Stablecoin Platform now, with Coinbase access beginning Oct. 1 . Each of the four integration paths lets businesses mint and burn the token at a 1:1 rate against the dollar at no cost, Open Standard said. The token runs natively on Ethereum, Solana, Base and Tempo , and will first be available to trade on Coinbase, Kraken and Uniswap. OUSD is issued by Bridge , the stablecoin infrastructure firm Stripe owns, with reserves held at BlackRock, Lead Bank and BNY . Bridge will publish reserve attestations monthly. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . What Stripe Is Offering Stripe said OUSD will be available alongside the stablecoins it already supports. Developers can use it across Stripe’s stablecoin products, including Bridge orchestration, Privy embedded wallets and stablecoin cards through Stripe Issuing, and businesses can hold OUSD balances in Stripe Treasury and send them to crypto wallets in more than 100 countries. Stripe pitched the token at high-volume cross-border businesses such as remittance and payroll companies, arguing that the variable fees to convert other stablecoins in and out of dollars make them expensive to use. Open Standard instead charges a small transaction fee. Ramp , an Open Standard partner, uses Stripe to run stablecoin accounts that will let its customers hold OUSD and earn rewards. “OUSD offers businesses better economics than any other stablecoin,” Privy co-founder Henri Stern said in Stripe’s announcement. Equity for Partners Open Standard unveiled the project in June with more than 140 partners. It now counts more than 200 , and says partners earn rewards in proportion to the supply and activity they drive, along with a chance to earn equity in the company. “The overwhelming majority of our cap table is going to be distributed back to founders and non-founders based on how they help grow the network,” CEO Zach Abrams said in an interview with CoinDesk . The five founders are also putting up more than $1 billion to seed OUSD’s supply at launch, Open Standard said on Sept. 24. Abrams co-founded Bridge, which Stripe bought in a $1.1 billion deal announced in 2024. Related Listen: Stripe Bid $53B for PayPal: Who Actually Wins Stablecoin Payments? The post Open USD Stablecoin Goes Live as Stripe, Visa and Mastercard Open It to Businesses appeared first on Unchained .
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Open Standard has launched its Open USD $OUSD stablecoin, allowing businesses and developers to use the dollar-pegged token for payments, settlement, trading, and other financial applications. OUSD is initially accessible through BVNK, Stripe and Visa, with Coinbase integration beginning Oct. 1, and will launch natively on Base, Ethereum, Solana and Tempo, with trading support starting at Coinbase, Kraken and Uniswap. The stablecoin is issued by Stripe's Bridge with reserves held at BlackRock, Lead Bank, and BNY.
Open source - CO
CoinDesk@CoinDeskPost on X ·
LATEST: Open USD, the stablecoin project backed by Mastercard, Visa and Stripe, went live on Wednesday on Ethereum, Solana, Base and Tempo as an Open Standard targets payments, banking, settlement and institutional trading in a stablecoin market still dominated by USDT and USDC. https://t.co/bvlKnVSSR7
Open source - CR
CryptoSlateArticle ·
Open USD bets Stripe’s $1.9 trillion network can break USDT and USDC’s grip Open USD , a new stablecoin backed by more than 200 organizations, has launched with about $468 million in circulation and a distribution partnership with Stripe, one of the largest payment networks. OUSD, issued for Open Standard, had 468.4 million tokens outstanding following its Sept. 30 debut. Reserve data showed about $468.45 million of backing assets, split between $257.2 million in cash and $211.2 million in Treasuries and short-duration money-market funds. The token also went live on Tempo , with more than $400 million in liquidity deployed across decentralized exchanges, stablecoin swaps, and bridges. OUSD is issued natively on Tempo, Base, Ethereum, and Solana, giving businesses several venues for payments, settlement, and treasury operations. Stripe said it is partnering with Open Standard to make OUSD available across parts of its payments stack. Businesses can hold the token through Stripe Treasury, send it through Global Payouts, accept it with Payments and use it with stablecoin-backed card products, subject to product and geographic availability. Stripe puts a $1.9 trillion distribution engine behind OUSD Stripe processed $1.9 trillion in total volume during 2025, up 34% from the previous year and equivalent to roughly $158 billion a month. OUSD’s current circulation amounts to less than 0.3% of that monthly figure, illustrating the scale of the network through which Stripe could distribute the token if businesses begin using it for payments and treasury activity. Open Standard has also assembled more than 200 financial institutions , fintechs, banks and businesses as partners. Stripe, Visa, Mastercard, Coinbase and Shopify were among its founders, while businesses can begin integrating OUSD through Stripe , BVNK and Visa. Stripe co-founder and Chief Executive Patrick Collison said Open Standard was designed so that most reserve yield flows back to participating partners rather than being retained by the stablecoin issuer. Open Standard says those rewards are allocated based on OUSD supply and the activity partners generate, giving payment companies and platforms an economic incentive to distribute the token. That model enters a market where scale remains heavily concentrated. Dollar stablecoins are worth more than $300 billion, according to CryptoSlate's data, with Tether’s USDT at roughly $183.8 billion and Circle’s USDC near $74.1 billion. Together they account for about 84% of the market. OUSD’s roughly $468 million supply represents about 0.15% of the sector, leaving it far behind incumbents with deeper exchange liquidity, broader integrations and established payment usage. The next test begins as Open Standard expands distribution beyond launch liquidity. Coinbase starts supporting the network Oct. 1, while additional Mastercard distribution through BVNK is planned, giving businesses more routes to hold, move and deploy OUSD across payment and treasury workflows. The post Open USD bets Stripe’s $1.9 trillion network can break USDT and USDC’s grip appeared first on CryptoSlate .
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