Open USD (OUSD) is live: Coinbase, Mastercard, Shopify, Stripe and Visa as 5 founding partners in equal shares.
FACTS (CoinDesk, Open Standard, Unchained, 30/09/2026)
The Open Standard dollar token runs natively on Ethereum, Solana, Base and Tempo. Issuer: Bridge (Stripe subsidiary). Reserves with BlackRock, Lead Bank and BNY, with monthly attestations planned. Mint / redeem 1:1 with no mint/burn fees. The business rails (Stripe, Mastercard, Visa Stablecoin Platform) are open now; Coinbase support announced for 1 October. Initial trading: Coinbase, Kraken, Uniswap. The founders commit more than $1B in liquidity. The partner network exceeds 200 institutions (UBS, SBI Holdings, Jeeves mentioned among the additions).
READING
This is not yet another "crypto-only" stablecoin. The pitch targets payments, FX, card settlement and banking, in a >$300B market still dominated by USDT / USDC. The economic model drives rewards (and an equity share) based on supply + activity generated, rather than a bilateral split like USDC. For
$ETH et
$SOL , the useful angle is multi-chain distribution + real-world usage outside DEXs, not a short-term token pump.
SCENARIOS
- Base: enterprise adoption via Stripe/Visa/MC, seeded liquidity, Coinbase expanding access from October.
- Upside: Tempo / Bridge capture large cross-border flows if fees remain competitive.
- Risk: multi-partner governance + USDT/USDC competition + real execution of the $1B liquidity commitment (engagement, not supply already on-chain verified here).
Spot (~18:51 UTC):
$BTC ~83875 ·
$ETH ~2677 ·
$SOL ~118.4 · BNB ~767 (Kraken/CG). F&G 71 Greed.
Do you see OUSD more as a direct competitor to USDC, or as a TradFi payments rail that digests the stablecoin in the background?
Sources: CoinDesk (30/09), Open Standard, Unchained, CryptoBriefing
#Stablecoin #Payments #Crypto