OUSD stablecoin goes live with Visa, Mastercard backing
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Open Standard has launched the OUSD stablecoin with Coinbase, Mastercard, Shopify, Stripe, and Visa as founding partners. According to the announcement , its founding partners, Coinbase, Mastercard, Shopify, Stripe, and Visa, have committed more than USD 1 billion to seed initial liquidity. Each received an equal initial equity stake in Open Standard. Reports differ on how large the consortium is. Bloomberg reported more than 100 member companies, including Visa, Google, and BlackRock. Open Standard puts its partner count at over 200 financial institutions, fintechs, banks, and businesses. OUSD is issued by Bridge, the stablecoin infrastructure company Stripe acquired for USD 1.1 billion in 2024. Reserves are held at BlackRock, Lead Bank, and BNY. Bridge has said it will publish reserve attestations monthly. The token runs natively on four blockchains: Base, Ethereum, Solana, and Tempo. At launch, it trades on Coinbase, Kraken, and Uniswap. From launch day, businesses can mint and redeem OUSD 1:1 against the US dollar at no cost through BVNK, which is owned by Mastercard, as well as through Stripe and the Visa Stablecoin Platform. Access through Coinbase begins on 1 October 2026. Open Standard generates revenue through a small transaction fee rather than mint or redemption charges. Stripe has integrated OUSD across several products. Businesses can hold the stablecoin in...
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