Open Standard has officially announced the launch of its institutional stablecoin, Open USD (OUSD) (launch announcement). The Open Standard ecosystem includes over 200 companies, such as Visa, Mastercard, Stripe, Coinbase, BlackRock, and BNY. At launch, OUSD is available through Coinbase, Kraken, and Uniswap, and operates natively on the Base, Ethereum, Solana, and Tempo networks.

OUSD issuance by Bridge, reserves held at BlackRock, BNY, and Lead Bank

The token is issued by Bridge (a Stripe company). OUSD reserves are held at BlackRock, BNY, and Lead Bank; monthly reserve attestations are required to be published.

Support for Base, Ethereum, Solana, and Tempo; initial listings

The stablecoin is initially available on Base, Ethereum, Solana, and Tempo. At launch, OUSD can be bought and sold via Coinbase, Kraken, and Uniswap.

Integrations via Mastercard, Stripe, and Visa; Coinbase from October 1

Businesses can already integrate OUSD through Mastercard, Stripe, and the Visa Stablecoin Platform, with Coinbase integration expected from October 1.

1:1 issuance and redemption with no fee; partner rewards

OUSD can be issued and redeemed at a 1:1 rate to the US dollar with no fee. Partners are expected to receive rewards based on OUSD volume and activity on their platforms.